The latest data from a leading crypto analytics firm say the number of large Chainlink (LINK) wallets has reached a new all-time high as the project’s native asset surges in price.
Santiment notes that the number of wallets holding at least 1,000 LINK reached a new record number of 27,152 on Sunday.
The firm also says that the increase in the count of large Chainlink wallets comes as the price of LINK rallied to a fresh 19-month high.
Chainlink is a decentralized oracle provider. The project’s native asset, LINK, cleared the $13.00 price level on Monday for the first time since April 2022 and is trading at $13.07 at time of writing. The 13th-ranked crypto asset by market cap is up nearly 8% in the past 24 hours and more than 72% in the past month.
Pseudonymous crypto analyst The Flow Horse says LINK could just be kicking off its uptrend.
“[People are] worried about buying LINK… because they feel they missed it. I think that between the $11.00 and $8.50 is going to look like a rounding error if we’re talking a year, two years into the future as the crypto market continues to grow.”
XRP is trading for $0.71 at time of writing, up nearly 9% in the past 24 hours.