The whole bear market for the world of Crypto in the past few months seems to be awakening a little.
A leading crypto analytics company made a research recently. It claims that the blockchain oracle Chainlink (LINK) is the subject of global interest from deep-pocketed owners of the digital asset.
Santiment stated that holders of roughly 10,000 to 1,000,000 of the Ethereum (ETH)-based altcoin have bought over 47 million more LINK over the course of the 2022 bear market.
According to Santiment, the newly acquired amount of the 24th-largest crypto asset by market cap is approximately 4.73% of Chainlink’s current supply.
To add a direct quote here on this Santiment Altcoin investment news:
“Chainlink’s shark and whale addresses (holding 10,000 to one million LINK) have been busy. Busy accumulating during the 2022 bear market. Since March 3rd, these addresses have added 47.31 million LINK to their wallets, collectively. This translates to $312.7 million more invested.”
Is it all connected to the Ethereum merge too? We don’t know, but…?
These and other pushes for Crypto exchanges and Altcoins indicates the big players act. They will do anything to keep Crypto on the go.
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