Interest in chain-linked whales has increased over the past few days, especially from one whale wallet that is becoming increasingly aggressive.
According to Lookonchain data, this whale wallet has consistently accumulated #LINK over the past three days. As of this writing, the wallet has accumulated a total of 4,556,684 tokens, which is approximately $83.6 million based on current LINK prices.
Another important metric to note is the significant increase in the total number of #Chainlink holders: according to Santiment, the number of LINK holders has grown over the past few months.
Specifically, the number of holders has increased by around 9,000 from January to the present, reaching a total of 717,000 according to the latest data.
Further analysis of the supply on the exchanges shows that there has been a recent trend of holders withdrawing their LINK holdings from the exchanges.
At the time of writing, the supply on the exchanges has reduced to around 21.5% of the total supply. This indicator shows that a significant part of holders are leaving the exchanges.
A daily analysis of the price dynamics of Chainlink shows that it remains at $18 for several days after a sharp jump to the $18 level on February 1.
The chart shows that the price of LINK has been rising and falling over the past few days.
At the time of writing, it was trading at around $18.2, reflecting a decline of about 1.3%. Despite the decline over the past few days, the overall trend looks strong as evidenced by the Relative Strength Index (RSI).
At the time of writing, the RSI remains above 60, indicating a strong bullish trend.
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