So, apparently, the on-chain analytics platform Santiment decided to play detective and figure out just how many of the big fish are swimming in the Chainlink (LINK) pond. Spoiler alert: it’s a lot. The top 10 wallets are holding onto a whopping 32% of LINK’s total supply. That’s like if the top 10 people in your office controlled 32% of the coffee supply. Not ideal, but hey, at least it’s not as bad as Shiba Inu (SHIB), where the top 10 wallets are hoarding 62% of the supply. Talk about a coffee crisis! ☕
🐳 Here are the percentages of supply held by various large cap assets’ top 10 whales. USD Coin has just 27% of its supply held by its top 10 wallets, and Chainlink’s is relatively low at 32%. Shiba Inu notably has the most centralized, with 62% of its supply held by its 10…
— Santiment (@santimentfeed) July 3, 2025
Now, for the retail traders out there, this is a big deal. When a handful of wallets control so much of a coin, it’s like playing a game of Jenga where the top players can pull out a block and send the whole tower crashing down. So, if these whales decide to cash out, the rest of us might be left with a pile of digital rubble. 🪨
As of now, Chainlink’s price is down 3.75% in the last 24 hours, sitting at $13.40. The market is having a bit of a temper tantrum, partly because of some macroeconomic concerns. You know, the usual suspects: inflation, interest rates, and the occasional global pandemic. 🌍💥
In June, the U.S. employment numbers were surprisingly good, which means the Fed might not be in a rush to ease up on the monetary policy. Chairman Jerome Powell is playing it cool, like he’s waiting for the perfect moment to make his move. 🕵️♂️
Looking ahead, everyone’s eyes are on the economic data, hoping for a hint of what the Fed will do next. It’s like waiting for the weather report before planning a picnic. 🌦️🌞
What’s next for Chainlink?
Chainlink is currently holding strong above the $12 support level, which is a good sign. Analysts are saying that if LINK can stay above $12, it might just be the start of a major upward move. According to Ali, “Chainlink (LINK) holding above $12 could pave the way for a breakout toward the $18–$20 range.” That’s like saying if you can make it through the first level of a video game, the next levels get a lot more exciting. 🎮
A move above the key resistance at $14, which lines up with the daily SMA 50, could lead to more buying pressure and short covering. This might push the price up to the daily SMA 200 at $16.77, and then on to $18 and $20. It’s a bit like climbing a mountain, but with more charts and less fresh air. 📈🏔️
The daily RSI is still slightly below the 50 midpoint, suggesting that we might see some consolidation before the next big move. So, buckle up, folks, it might be a bumpy ride, but the view from the top could be worth it. 🚀
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2025-07-04 15:06