Chainlink’s LINK token has surged by approximately 95 over the past month, making it one of the top-performing altcoins. Backing the bullish momentum are some of the key on-chain metrics that appear to be in its favor.
As per the Holder Profit Analysis conducted by Intotheblock, a significant majority of LINK holders are now sitting on profits. It’s noteworthy that more than 70 of holders had endured losses for over a year during the bear market.
Currently, 56 of LINK holders are in a profitable position, a percentage that aligns with many other top tokens.
LINK’s On-Chain Metrics Paints Bullish Picture
Intotheblock’s latest findings indicate optimistic trends within the Chainlink network in terms of transaction data. Daily transactions have surged by 436 from their monthly lows, reflecting a positive trajectory.
Chainlink has been one of the top performers of the recent bullish momentum and many have high expectations. Let’s take a look at some key on-chain metrics for $LINK
Holder Profit Analysis
