Chainlink LINK/USD is down 6% over the past 30 days, with sideways price largely unimpacted by fundamental developments around the protocol.
What Happened: According to a Santiment data report, Chainlink has the most balanced concentration of supply among the top ten largest wallets, with 33.1% of token supply held by the top 10.
This compares favorably to Ethereum (46.1%), Toncoin (32.8%) and Shiba Inu (61.3%).
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Chainlink LINK/USD | $18.56 | $11.8 billion | -1.1% | -9.7% |
| TRON TRX/USD | $0.2385 | $20.5 billion | +0.6% | +5.8% |
| Avalanche AVAX/USD | $25.39 | $10.5 billion | +0.9% | -6.4% |
Trader Notes: Crypto trader Osemka emphasized that Chainlink's price action consistently respects key levels, making it a leading indicator for altcoin momentum and a safer play than speculative assets.
The trader sees several bullish factors working in LINK’s favor:
- Fundamental Support: Real-World Assets (RWA) adoption provides a strong growth narrative.
- Technical Stability: Clear support/resistance levels make it easier to trade.
- Altcoin Cycle Indicator: LINK's movements often precede broader altcoin market shifts.
Meanwhile, trader Quinten Francois believes the market is underestimating LINK's potential, calling it an overlooked opportunity.
Statistics: IntoTheBlock data shows large transactional volume increased around 10%, while daily active addresses are down 25.2% in a single day. Transactions greater than $100,000 remained relatively flat.
Coinglass data shows Chainlink's open interest increased 2.2%, while derivatives trading volume expanded by 85.9%. Liquidations in the past 24 hours stood at $1.41 million.
Community News: Chainlink announced that in this current week there were 17 integrations of their standard across five services and 12 different chains. Some of the new integrations include: Mantle, Sei, HashKey Chain, X Layer and others.
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