$LINK Price Holds at $16, but On-Chain Activity Signals an Upside

Chainlink is a decentralized oracle network founded in 2017 that connects smart contracts with real-life data. Chainlink is also a significant player in the Real-World Asset (RWA) space, with the objective of becoming a leading provider.

$LINK price is trading around $16 and has a decent market cap of over $11 billion. This LINK price is almost 40% lower than its January 2025 highs, but Chainlink’s on-chain activity indicates increasing optimism.

Based on the latest data from Santiment, the number of $LINK tokens held outside of exchanges surpassed 803.38 million at the end of March. As many holders are storing LINK tokens in self-custody wallets, this may indicate a rising trend in the LINK price.