Cryptocurrency analysis company Santiment mentioned interesting data for an altcoin in a new analysis it published.
According to the report published by analysts, the amount of supply held by Chainlink (LINK) on cryptocurrency exchanges has decreased from 23% to 21.4% in the last 30 days alone. Santiment shared that the last time such a decline in stock market supplies occurred between September 15 and October 14, and during this period, LINK experienced a 123% rally in the next 4 weeks.
On the other hand, well-known cryptocurrency analyst Ali Martinez spoke similarly about Chainlink in his statement. According to the analyst, cryptocurrency whales have been in a LINK buying cycle for the last three weeks.
According to Martinez's data, the whales in question accumulated 8.46 million LINK in three weeks, which corresponds to approximately 118.44 million dollars.
However, in his other statement, Ali Martinez claimed that Solana ETFs may be next after the Ethereum Spot ETFs were approved by the SEC minutes ago.
*This is not investment advice.