Declining Supply Fuels Bullish Sentiment
Over the past 30 days, the supply of LINK tokens on exchanges has decreased from 23% to 21.4%, indicating a 1.5% drop. This reduction in available tokens suggests that current LINK holders are displaying strong hands, refraining from selling despite market fluctuations. Santiment draws parallels to a similar supply trend observed between September 15 and October 14 last year, which preceded a remarkable 123% rally in LINK’s price.·
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