Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating
Summary
Chainlink's native currency, LINK, hit a six-month low at around $8, dropping 64% from March highs. Despite this, active LINK addresses surged, and outflows from exchanges spiked, indicating accumulation rather than selling. Historically, extreme fear among LINK holders has led to price recoveries. Currently, 65% of holders are in losses, but long-term holders remain resilient. Chainlink's partnerships and developments continue to generate optimism.
