Data: The exchange supply of LINK hits a 4-year low
The latest analysis from Santiment shows that the supply of LINK on exchanges has fallen below 15% for the first time in about four years, contributing to a positive momentum. This is the lowest level since February 5, 2020, indicating a decrease in selling intentions and suggesting investors are optimistic about potential further increases. In addition, the number of wallets holding LINK tokens is close to its historical high, only 6% lower than its peak. The current number stands at approximately 71.356 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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