Chainlink Sharks Accumulate $9.6M Worth of LINK in 3 Days


This article has been republished with permission from Binance News.

According to CryptoPotato, Chainlink has seen a significant increase in the number of wallets holding 10K-100K of its native token, LINK, over the past month. Despite a 14% drop in the token’s value, market intelligence platform Santiment reports that the ‘shark’ tier of LINK investors has been accumulating coins, with the number of wallets in this range surging to levels not seen in the last nine months. In the last three days alone, this group of holders has added a staggering $9.6 million worth of LINK tokens.

Santiment’s analysis also shows that Chainlink sharks collectively hold over 0.15% of LINK’s entire circulating supply. There has been an increase of 98 new Chainlink wallets holding between 10K-100K LINK tokens since September 3rd, representing a growth of more than 3.2%. This renewed accumulation among large LINK holders comes as the crypto asset hovers near $6.2 at the time of writing.

In recent developments, the global financial messaging network Swift announced the successful transfer of tokenized value across multiple private and public blockchains in experiments alongside Chainlink. The oracle provider’s Cross-Chain Interoperability Protocol (CCIP) was used by Swift to connect with different blockchains. Additionally, Chainlink tapped the Coinbase-incubated layer-2 network Base last month, expanding its integrations to a total of 12 blockchains.

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