Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’
Summary
Chainlink (LINK) has experienced an influx of new investors, with the Total Amount of Holders reaching an all-time high of 769,380, following the addition of 7,903 new non-zero balance addresses in the past month. The increase in holders suggests net adoption and could be attributed to new investors or existing users creating new wallets. The Market Value to Realized Value (MVRV) Ratio for Chainlink is currently at negative 17.3%, indicating that investors are, on average, holding losses. This situation may present a long-term investment opportunity, as holders in profit are typically more inclined to sell. Chainlink's price is approximately $13.15, reflecting a 2% increase over the past week.
