On-chain data shows the largest of Chainlink whales have been accumulating recently even as the cryptocurrency\u2019s price has slipped below $13.00.<\/p>\n
In a new post<\/a> on X, on-chain analytics firm Santiment has talked about the latest trend in the holdings of the 100 largest addresses present on the Chainlink network.<\/p>\n This category of holders naturally includes the large whales<\/a>, investors who carry sums significant enough to have some influence on the blockchain. As such, their combined supply can be worth keeping an eye on.<\/p>\n Below is the chart shared by Santiment that shows the trend in the supply of the 100 largest Chainlink addresses over the last few months.<\/p>\n As displayed in the graph, the Chainlink supply held by the top 100 addresses went up in November as the cryptocurrency\u2019s price plummeted, a possible sign that big-money investors were loading up.<\/p>\n These whales shed some of their holdings in December and the first week of January, but recently, they have showed signs of renewed accumulation<\/a> as LINK\u2019s price has plunged below the $13.00 level. Compared to the start of November, the cohort\u2019s holdings are up 16.1 million tokens.<\/p>\n \u201cAs retail sells off due to impatience & FUD, it\u2019s common to see smart money gather up more $LINK to prepare for (or cause) the next pump,\u201d explained the analytics firm. It now remains to be seen whether this accumulation will have any effect on the cryptocurrency.<\/p>\n Chainlink isn\u2019t the only asset that has seen movements from large investors recently. As Santiment has highlighted in another X post<\/a>, Bitcoin sharks and whales<\/a> have participated in net buying over the last nine days.<\/p>\n In the context of BTC, sharks and whales are defined as investors holding between 10 to 10,000 tokens. Below is a chart that shows how the supply of these investors has changed since late July.<\/p>\n As is visible in the graph, the Bitcoin sharks and whales have increased their combined supply by 36,322 BTC in the last nine days, equivalent to an increase of 0.27%. Interestingly, the large investors have held on despite the fact that the asset\u2019s price has gone through a retrace over the past few days.<\/p>\n However, the same hasn\u2019t been true for the opposite end of the market, the retail entities. These investors, corresponding to addresses holding less than 0.01 BTC, have shed 132 BTC (0.28%) in the same window.<\/p>\n At the time of writing, Chainlink is floating around $12.33, down more than 10% in the last seven days.<\/p>","protected":false},"excerpt":{"rendered":" On-chain data shows the largest of Chainlink whales have been accumulating recently even as the cryptocurrency\u2019s price has slipped below $13.00. Top 100 Chainlink Whales Have Been Expanding Their Supply In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the holdings of the 100 largest addresses present […]<\/p>\n","protected":false},"author":0,"featured_media":128697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128696"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128696"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128697"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}LINK Price<\/h2>\n