Chainlink Wallets Surge to Record High
The latest data from a leading crypto analytics firm shows that the number of large Chainlink (LINK) wallets has reached a new all-time high as the project’s native asset surges in price. According to Santiment, the number of wallets holding at least 1,000 LINK reached a new record number of 27,152 on Sunday. The increase in large Chainlink wallets coincides with LINK reaching a fresh 19-month high.
Chainlink’s Price Surge
Chainlink is a decentralized oracle provider, and its native asset, LINK, cleared the $13.00 price level on Monday for the first time since April 2022. It is currently trading at $13.07. The 13th-ranked crypto asset by market cap has increased nearly 8% in the past 24 hours and more than 72% in the past month. Analysts believe that LINK could just be beginning its uptrend.
Rising XRP Holdings
In addition to LINK, Santiment notes that wallets holding between 100,000 and 1 billion XRP now hold their highest level of the asset this year. XRP is trading for $0.71 at time of writing, up nearly 9% in the past 24 hours.
Hot Take: Chainlink Continues Its Rally
As Chainlink’s native asset continues its parabolic rally, large wallets are accumulating LINK at record levels. The surge in wallet numbers and LINK’s price increase indicate growing interest and investment in the project, with analysts predicting further uptrends for LINK and other digital assets like XRP.
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