Whales and Sharks Accumulate $194,000,000 Worth of Ethereum-Based Altcoin in Just Two Months: Analytics Firm Santiment

Leading analytics firm Santiment has revealed that the two largest Chainlink (LINK) investor cohorts have pumped $194.3 million into the Ethereum (ETH)-based Oracle Network in just two months. did.

According to Santiment, LINK whales and sharks make up the largest share of Chainlink’s supply since the altcoin was created in 2017.

“Chainlink shark and whale addresses hold between 10 and 1 million LINK, an unprecedented surge. These wallets have grown to a total of 26.8 million LINK (1 $94.3 million), resulting in a 12.8% increase in coin bagging.”

sauce: Santimento/Twitter

With whales and sharks accumulating in abundance, crypto strategist Kaleo told his 550,500 Twitter followers that he expects Chainlink to surpass Bitcoin (BTC) in the coming months.

According to Kaleo, the LINK/BTC pair has broken through the diagonal resistance on the daily chart and looks poised to rally towards its target of 0.0007 BTC ($12.04).

“LINK/BTC is on the verge of remittance.”

sauce: Kaleo/Twitter

At the time of writing, LINK is trading at $7.54, up 3% on the day.

Santiment is also eyeing payment-focused altcoins XRP and Stellar (XLM). Both altcoins dominated crypto-related social media discussions on Friday, according to an insight firm.

“XRP, Stellar, and Status (SNT) are all currently in the top trending list for Crypto Friday. However, if you do so during a trend, be aware that it will sell out quickly.”

sauce: Santimento/Twitter

At the time of writing, XRP is trading at $0.39 and XLM at $0.08.

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