Chainlink (LINK) experienced a brief dip to $20.1 over the weekend but quickly rebounded. Despite this recovery, the token's weekly losses reached almost 22%. Amidst the price correction, large holders displayed bullish behavior by accumulating LINK, indicating confidence in its long-term potential. Santiment reports that Chainlink leads the real-world assets (RWA) sector in development activity, showcasing its dominance in this burgeoning space.
Chainlink (LINK) briefly dropped to $20.1 during the weekend before staging a quick recovery to a little over $23. The latest dip, however, extended its weekly losses to almost 22%.There has been a noticeable uptick in the holdings of wallets containing between 10 million and 100 million LINK coins, rising from approximately 475.79 million to 479.78 million within a short period.
to a purchase of over $44 million worth of LINK, which reflects bullish behavior among large holders during the price retracement. The accumulation trend suggests growing confidence in LINK’s long-term potential.nine fresh wallets withdrawing a total of 362,380 LINK tokens, which is worth around $8.19 million, from Binance within the last 48 hours. Before the recent market turmoil, the LINK token saw a significant price increase and a boost in market activity, attributed to World Liberty Financial (WLFI) – a project backed by Donald Trump’s family – strategicallythat Chainlink’s price will increase by more than 53%, potentially reaching $35.56 by January 22, 2025. The market sentiment remains Neutral, while the Fear & Greed Index stands at 70 (Greed). In the past 30 days, Chainlink had 16 green days out of 30, with a volatility of 17.48%.Earlier this month, market intelligence platform Santiment reported that Chainlink is at the forefront of the real-world assets (RWA) sector in terms of development activity. Itshighlighted that the decentralized oracle network is leading the sector, followed by Synthetix (SNX), a synthetic asset platform based on Ethereum, and Dusk Foundation (DUSK), which focuses on privacy and tokenization. According to the data, Chainlink recorded nearly 394 significant GitHub events in the last 30 days, while Synthetix and Dusk Foundation had 176.6 and 34.7, respectively. Besides, Chainlink has partnered with leading companies such as Coinbase, SWIFT, UBS, and Emirates NBD for the RWA tokenization industr
CHAINLINK LINK CRYPTO PRICE RECOVERY BULLISH ACCUMULATION REAL-WORLD ASSETS RWA DEVELOPMENT ACTIVITY SANTIMENT
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