Today we continue researching $LINK。
According to Etherscan data as of September 4:
LINK has about 908,300 holding addresses, the top 100 addresses hold 60.61%, and the top 10 addresses account for 31.49%.
But the top ten are mainly made up of official non-circulating wallets, community staking pools, and Binance custodial addresses, so this cannot simply be understood as “the market maker controlling the price.”
What is really worth tracking is ranks 20–100: are these mid-to-large addresses accumulating, or preparing to transfer to exchanges?
A detailed breakdown will be posted tonight.
#LINK #Chainlink #On-chain data
According to Etherscan data as of September 4:
LINK has about 908,300 holding addresses, the top 100 addresses hold 60.61%, and the top 10 addresses account for 31.49%.
But the top ten are mainly made up of official non-circulating wallets, community staking pools, and Binance custodial addresses, so this cannot simply be understood as “the market maker controlling the price.”
What is really worth tracking is ranks 20–100: are these mid-to-large addresses accumulating, or preparing to transfer to exchanges?
A detailed breakdown will be posted tonight.
#LINK #Chainlink #On-chain data