Chainlink: This ‘blessing-in-disguise’ caused LINK’s 4% surge in the last 30 days

ambcrypto.com:

Whale movements recently have turned out to be a blessing in disguise on Chainlink [LINK]. With the crypto markets experiencing a major sell-off event last week, LINK token prices were among the ones that suffered.

However, the falling prices caught the attention of crypto whales who have since started to buy the dip. Historically speaking, whale actions play a pivotal role in drawing attention to any token.

Blockchain analytics platform, Santiment, claimed that LINK whales increased their supply held by over 3% in just four months. Furthermore, addresses holding 10k to 1 million LINK tokens have now reached the highest percentage in LINK holdings in exactly three years.

Source: Santiment

Chainlink’s famous “feeds” protocol is beginning to see more adoption in the crypto market. Positional markets platform, Thales, recently announced its expansion to Ethereum L2 solution- Arbitrum. They will be deploying tokens on Arbitrum which are “very popular” and more importantly supported by Chainlink feeds.