{"id":565395,"date":"2021-01-18T12:58:22","date_gmt":"2021-01-18T09:58:22","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565395"},"modified":"2021-01-18T12:58:22","modified_gmt":"2021-01-18T09:58:22","slug":"top-1-chainlink-addresses-now-hold-81-737-of-the-link-supply","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/top-1-chainlink-addresses-now-hold-81-737-of-the-link-supply\/","title":{"rendered":"Top 1% Chainlink Addresses Now Hold 81.737% of the LINK Supply"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Chainlink holdings of the top 1% LINK addresses have hit a 3 year high<\/strong><\/li>\n<li><strong>These addresses now hold 81.737% of the total supply<\/strong><\/li>\n<li><strong>ChainLink (LINK) has set a new all-time high of $23.75\u00a0<\/strong><\/li>\n<li><strong>LINK&#8217;s bullishness could continue if Bitcoin provides a stable environment above $34k<\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/chainlink-link-news\/\" target=\"_blank\" rel=\"noopener\">Chainlink<\/a> holdings of the top 1% LINK addresses has just hit a three year high. This is according to data from the team at Glassnode that indicates that these addresses now hold 81.737% of the total supply. The team at Glassnode shared this information via the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$LINK<\/a> Percent Balance of Top 1% Addresses just reached a 3-year high of 81.737%<\/p>\n<p>Previous 3-year high of 81.658% was observed on 14 January 2021<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/Yu7MgXuKe8\" rel=\"nofollow\">https:\/\/t.co\/Yu7MgXuKe8<\/a> <a href=\"https:\/\/t.co\/MdjmhXrbgv\" rel=\"nofollow\">pic.twitter.com\/MdjmhXrbgv<\/a><\/p>\n<p>&mdash; glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1350627850848755712?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">January 17, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Accumulation of LINK Hints of Bullishness<\/h2>\n<p>As can be seen in the chart from the tweet above, <a href=\"https:\/\/en.ethereumworldnews.com\/chainlink-whales-with-10m-link-increases-no-capitulation-in-sight\/\" target=\"_blank\" rel=\"noopener\">LINK whales<\/a> have been accumulating the token since 2019. The accumulation to date is proof that they are particularly bullish regarding the future value of ChainLink (LINK).<\/p>\n<h2>Chainlink Hits New All-time High of $23.75 &#8211; Binance Rate<\/h2>\n<p>With regards to price, Chainlink has just set <a href=\"https:\/\/en.ethereumworldnews.com\/chainlink-sets-new-all-time-high-of-21-45-hints-at-going-higher\/\" target=\"_blank\" rel=\"noopener\">a new all-time high<\/a> of $23.75 &#8211; Binance rate. At the time of writing, Chainlink is trading at $22.30 in what looks like consolidation above the $22 support zone. Chainlink&#8217;s bullishness is very much linked to the stability of Bitcoin and if BTC can continue with its sideways movement above $34k, LINK could keep pushing higher in the hours and days to follow.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/LINKUSDT-Jan-18th.png\"><img class=\"aligncenter size-full wp-image-565396\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/LINKUSDT-Jan-18th.png\" alt=\"\" width=\"949\" height=\"586\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/LINKUSDT-Jan-18th.png 949w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/LINKUSDT-Jan-18th-300x185.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/LINKUSDT-Jan-18th-770x475.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/LINKUSDT-Jan-18th-500x309.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/LINKUSDT-Jan-18th-240x148.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/LINKUSDT-Jan-18th-717x443.png 717w\" sizes=\"(max-width: 949px) 100vw, 949px\" title=\"\"><\/a><\/p>\n<p>A quick glance at the daily LINK\/USDT chart above reveals the following.<\/p>\n<ul>\n<li>Chainlink&#8217;s momentum is bullish despite being in overbought territory<\/li>\n<li>The daily MFI, RSI and MACD further confirm the overbought scenario<\/li>\n<li>The current bullish momentum mimics that seen in <a href=\"https:\/\/en.ethereumworldnews.com\/link-marines-plot-to-liquidate-authors-of-malicious-chainlink-report\/\" target=\"_blank\" rel=\"noopener\">July of last year<\/a><\/li>\n<li>The $20, $16 and <a href=\"https:\/\/en.ethereumworldnews.com\/chainlink-link-retakes-12-amidst-a-bullish-bitcoin\/\" target=\"_blank\" rel=\"noopener\">$12<\/a> price areas offer strong support on a macro level<\/li>\n<li>Chainlink could keep moving up if FOMO has kicked into high gear<\/li>\n<\/ul>\n<h2>Conclusion<\/h2>\n<p>Summing it up, the top 1% Chainlink addresses are accumulating LINK in a manner that hints that they are confident regarding the long term value of the token. From a technical analysis point of view, Chainlink has just set an all-time high with the majority of its daily indicators in overbought territory.<\/p>\n<p>However, fomo might have already kicked in and Chainlink could very well be on a path towards higher levels as witnessed in July of last year. In terms of support zones on a macro level, $20, $16 and $12 provide areas of interest should there be a quick correction by Chainlink.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Chainlink holdings of the top 1% LINK addresses have hit a 3 year high These addresses now hold 81.737% of the total supply ChainLink (LINK) has set a new all-time high of $23.75\u00a0 LINK&#8217;s bullishness could continue if Bitcoin provides a stable environment above $34k The Chainlink holdings of the top 1% LINK addresses has just hit a three year high. This is according to data from the team at Glassnode that indicates that these addresses now hold [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":565036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108032,108120],"tags":[5749,108163,7092,108108],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565395"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=565395"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/565036"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=565395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=565395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=565395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}