Market capitalization: $9.82 billion
💎 Chainlink is not just a project chasing headlines, but a fundamental infrastructure for Web3️⃣.
The protocol creates bridges between blockchains, enabling seamless data exchange and secure token transfers – tasks that few solve on such a scale.
But the main news:
The decrease in active addresses to a minimum since March coincided with a quiet sell-off by large holders! This distribution phase, caused by whales, increased volatility and raised concerns among traders.
What does this mean? 🎧
⏺ The CCIP Chainlink protocol is now available on Hedera and is heading to Ronin.
⏺ Over $120 million withdrawn from exchanges in recent weeks – many investors are holding firm.
⏺ On-chain data shows a growing gap between accumulation and distribution trends.
Deal Guidelines: 💰
📈 Growth above $16.00 – paves the way to $19.50.
📉 A drop below $14.00 – could send it to the critical level of $10.00.
Conclusion: Without a strong recovery in network activity or a slowdown in whale outflows, LINK may face further declines. Caution remains the dominant approach to Chainlink's short-term prospects, despite strong fundamentals.
