By the end of 2020, LINK holdings by whales have declined around 10% but Chainlink price won’t be dumped
According to Santiment, by the end of 2020, whale’s hold LINK rate had decreased by about 10%. However, they did not dump LINK. At press time, Chainlink price is trading around $ 11.62, recording a nearly 14% gain over the past 24 hours.
? A year ago, #Chainlink‘s top 10 whales held 70.7% of the total circulating supply of $LINK. To close out 2020, they now hold 64.5%. This can be attributed to consistent new addresses being created on the network, & no apparent whale sell-offs in sight. https://t.co/OgQOK2clIs pic.twitter.com/mCjOSOJHkA
— Santiment (@santimentfeed) December 31, 2020
The amount of LINK held by whales since December 2019 has declined 10%, Chainlink price unaffected
The number of LINK whales owned by the crypto whales has decreased from 70.7% of the total amount in circulation to 64.5%. The reason is not that whales make any purchases. Instead, new LINK addresses are always generated when retail users are joining the ecosystem. The LINK’s supply bought by retail LINK investors has increased significantly throughout the year.
Elsewhere, according to Glassnode, the LINK exchange cash flow showed a significant increase over the past 24 hours, up to 102.5%. This metric value currently represents 103,127.608 LINK.
? $LINK Exchange Inflow (2d MA) increased significantly in the last 24 hours.
Current value is 103,127.608 LINK (up 102.5% from 50,920.474 LINK)
— glassnode alerts (@glassnodealerts) December 31, 2020
Earlier this year, the LINK price hit an all-time high of $ 19.32 on Aug. 16. After that, LINK dropped sharply and since then, it has been unable to recover to ATH or exceed it.
You can see the LINK price here.
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