Another Crypto Success: Large Chainlink Wallets Reach New ATH; LINK Launches Parabolic Rally

It has been revealed that Chainlink wallets have also been able to mark a crypto success. Check out the latest details in order to learn more about the matter.

According to recent data from a leading crypto analytics firm, the number of large wallets holding Chainlink’s native asset (LINK) has surged to a new all-time high.

Santiment reports that on Sunday, the number of wallets holding a minimum of 1,000 LINK reached a new record of 27,152.

This increase in the number of large Chainlink wallets coincides with the surge in LINK’s price to a new 19-month high.

Chainlink, the decentralized oracle provider, has witnessed a significant breakthrough as its native asset, LINK, crossed the $13.00 price level on Monday for the first time since April 2022.

Currently, LINK is trading at $13.07, recording an increase of almost 8% in the last 24 hours and more than 72% in the past month, making it the 13th-ranked crypto asset by market cap.

According to The Flow Horse, a pseudonymous crypto analyst, the significant growth of LINK suggests that it may just be beginning its uptrend, which indicates that the token might experience further growth in the future.

The fear of missing out has caused some people to hesitate about buying LINK, but The Flow Horse believes that between the $11.00 and $8.50 price range will become insignificant in the long run, especially as the crypto market continues to grow.

Santiment, an analytics firm, has reported that not only large wallets are buying LINK, but also wallets holding between 100,000 and 1 billion XRP are now holding the highest level of the asset this year.

XRP’s current trading price is $0.71, which represents an almost 9% increase in the past 24 hours.

The crypto space is on fire due to the latest massive moves and the expectancy of a BTC ETF approval. Stay tuned for more news.