Chainlink Down 6% In A Month: Why Is LINK Not Moving?
Posted On February 10, 2025
Chainlink (CRYPTO: LINK) is down 6% over the past 30 days, with sideways price largely unimpacted by fundamental developments around the protocol.
What Happened: According to a Santiment data report, Chainlink has the most balanced concentration of supply among the top ten largest wallets, with 33.1% of token supply held by the top 10.
This compares favorably to Ethereum (46.1%), Toncoin (32.8%) and Shiba Inu (61.3%).
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Chainlink (CRYPTO: LINK) | $18.56 | $11.8 billion | -1.1% | -9.7% |
| TRON (CRYPTO: TRX) | $0.2385 | $20.5 billion | +0.6% | +5.8% |
| Avalanche (CRYPTO: AVAX) | $25.39 | $10.5 billion | +0.9% | -6.4% |
Trader Notes: Crypto trader Osemka emphasized that …
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