Over 81% of LINK is held by the top 1% of addresses, according to crypto market data aggregator Glassnode. Chainlink’s token has reached a new record of the all-time high of centralization level.
Chainlink investors are bullish
LINK top holders and investors are still very bullish on the token. Despite its price records, they still accumulating more tokens.
LINK’s top holders are still bullish on the token, and are continuing to acquire more. This is a positive sign for LINK, as it demonstrates ongoing support and bullish sentiment from the existing community.
LINK Whales accumulating
Glassnode found out 52 million LINK that has moved from the reserve wallets of Chainlink’s team over the past 100 days. While the Chainlink core team is selling LINK, whales are buying.
On 18th January 2021, Chainlink became the 8th largest cryptocurrency by market capitalization, flipping Bitcoin Cash. Chainlink dropped back but it is still part of TOP 10 cryptocurrencies.
The price of LINK reached $23 on 18th January. It is up 46% across the past week.
Chainlink might be one of the best performing crypto assets in 2021.