Whales Accumulate Chainlink – Currently Own 25% of LINK Supply
Chainlink whales have been steadily accumulating LINK over the last few months, to the point they now own up to a quarter of the cryptocurrency’s supply.
According to Santiment data, Chainlink millionaire addresses, holding between 100,000 to 10 million LINK tokens, have been accumulating for months to now hold the largest amount they have held in the cryptocurrency’s history.
? #Chainlink has opened Friday by going on a price surge. Millionaire addresses holding 100k to 10m $LINK own about 1/4th of the total supply now, the largest amount held in their history. The 16th market cap ranked asset was last over $30 five weeks ago. https://t.co/8HYwPf581ypic.twitter.com/VToDqK6q2A
News agency Associated Press (AP) earlier announced that it will provide economic, sports and elections data to Chainlink through a new partnership. The move will both improve how data sources value smart contracts and what smart contracts can achieve using AP data.
According to Sergey Nazarov, co-founder of Chainlink, the network’s oracles can bring new data onto blockchains at the rate developers can build interest applications for users, so AP’s signed data can see developers create decentralized finance applications and smart contracts associated with a “wide array of previously inaccessible topics.”
The news saw the price of LINK soar and move out of a trading range it had seemingly been stuck on. Over the last 12 months, LINK is up over 140%.
LINK/USD Source: CoinMarketCap
Earlier this year, crypto analyst/influencer Elliot Wainman, the owner/host of YouTube channel “EllioTrades Crypto”, told his over 300K subscribers that — according to his technical analysis — Chainlink seems set to go much higher against Bitcoin, which could lead to “an explosion of the oracle coins.”
