LINK Is Up 24% in Weeks: But This Key Growth Metric Is Barely Moving

🚀 Chainlink's LINK surged by 24% since September 1, reaching a peak of $15.80, but new wallet creation has only seen a modest increase of less than 2%.

📉 In contrast to Solana's 33% rise in new addresses alongside a 20% price increase, Chainlink's new addresses averaged just 1,249 per day, indicating a potential disconnect between price momentum and user adoption.

🔄 Recent on-chain data shows significant transfers of LINK to Binance, raising concerns about selling pressure, as the number of non-empty wallets has declined to 912,020 despite the price rally.$LINK

LINK
LINKUSDT
13.17
-4.23%