Real World Assets (RWA) coins are gaining traction, marked by notable development activity as reported by Santiment. Despite recent price gains, some top performers have not made Santiment’s top 10 list.

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“Chainlink tops the list with significant development activity, more than doubling the efforts of its nearest competitors,” Santiment highlights. This surge in development activity underscores the rising trends in RWA coins, driven by industry leaders who are propelling this change.
The past month has witnessed remarkable development activity in the Real World Assets (RWA) sector, highlighting significant growth and engagement. Chainlink (LINK) stands out as the leader, with a development activity score of 512, placing it well ahead of its closest rival, Synthetix Network (SNX), which holds a score of 255.
Chainlink’s dominance is notable given its market capitalization nearing $8 billion. Synthetix Network follows closely, renowned for its innovative approach in the synthetic asset space, which contributes to the sector’s dynamic growth.

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Centrifuge (CFG) holds the third position, maintaining its strong performance from previous months. Other significant players in the top 10 include Oraichain Token (ORAI), Dusk (DUSK), Maker (MKR), IX Swap (IXS), Creditcoin (CTC), Polymesh (POLYX), and Reserve Rights (RSR). These coins have demonstrated substantial development efforts, underscoring the vibrancy and potential of RWA coins.
Mantra (OM) Shows Strong Performance Despite Missing Top 10 RWA List
Despite notable price improvements, some high-performing Real World Asset (RWA) cryptocurrencies, such as Mantra (OM), have not made it onto the top 10 list. Mantra (OM) has shown remarkable resilience against recent market corrections, with its price increasing nearly 50% in the past two weeks.

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Over the past year, OM has significantly outperformed many other cryptocurrencies, rising by over 3,800%. Analysts suggest that this bullish trend could continue, especially if OM manages to break through key resistance levels.
There is speculation that OM could reach new highs, with some projections targeting a price of $1.20 if it surpasses the $1.05 resistance level. The token recently achieved a new peak of $1.12, indicating sustained momentum. The upcoming days will be crucial in determining whether OM can maintain its upward trajectory and achieve new all-time highs.
In Summary
Real World Asset (RWA) coins are gaining prominence in the crypto ecosystem, with notable projects like Chainlink and Synthetix Network leading the way in leveraging blockchain for real-world use. Mantra (OM) exemplifies this trend with significant price gains and potential for high returns. Its recent performance underscores the broader opportunities in the RWA sector. Investors should watch these developments closely, as RWA coins offer promising prospects for advancement and returns in the blockchain space.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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Chainlink (LINK) whales have notably increased their holdings in recent weeks, reaching levels not seen since November 2023. Despite a drop of 18% in LINK’s value over the past month, these whales have accumulated over 6 million tokens, worth more than $75 million, in just the last week.
Surge in whale activity comes amid a broader bearish market sentiment, with LINK’s price currently trading at $12.49. The recent decline in value has created an opportunity for large investors to “buy the dip,” as LINK’s price could potentially fall further to $11.11. The increased accumulation by whales highlights their confidence in the long-term potential of LINK, despite short-term market challenges.
LINK Whale Activity Suggests Buying Opportunity
On-chain data from Santiment reveal that LINK whales have been particularly active in recent weeks. Since June 20, the number of LINK addresses holding between 10,000 and 1,000,000 tokens has steadily increased, reaching 3,474 addresses—a 3.3% rise and the highest number since November 2023. During the last week alone, these whales have accumulated over 6 million LINK tokens, valued at more than $75 million, and now hold 21% of the token’s total circulating supply.
The uptick in whale accumulation amid a price decline indicates that these large investors believe LINK is undervalued and are confident in its potential for a rally. The market value to realized value (MVRV) ratio further supports this view. Current MVRV ratios show negative values for various moving averages, with the 30-day and 90-day MVRV ratios at -6.71% and -12.93%, respectively.

Chainlink MVRV Ratio. Source: Santiment
The MVRV ratio measures the difference between an asset’s current market price and the average price at which it was acquired. Negative MVRV ratios suggest that LINK is trading below its average acquisition cost, presenting a buying opportunity. Historically, such undervaluation can be a signal for traders to buy at a lower price with the expectation of selling at a higher value.
Chainlink (LINK) Faces Bearish Bias Despite Buy Signal
Chainlink (LINK) is currently flashing a buy signal, but it faces a significant bearish bias that poses a risk of further devaluation. At present, the Parabolic Stop and Reverse (SAR) indicator shows its dots positioned above LINK’s price. This setup suggests that the market is in a downward trend and could continue to decline, with LINK potentially falling to $11.11 if the trend persists.

Chainlink Analysis. Source: TradingView
However, LINK’s prospects could improve if whale activity continues. The accumulation by large investors may boost market sentiment and encourage smaller investors to hold or buy more, potentially leading to a price recovery. Should this positive shift occur, LINK’s price could rise to $13.02.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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