🔗📈 Chainlink has surpassed $29 for the first time in 37 months, generating excitement from the community. This latest decoupling of LINK's price has been supported by rising levels of whale & shark accumulation.

🐳🦈 Wallets with 100K+ LINK have added 5.69M LINK to their collective wallets in just 2 months

🐟🦐 Wallets with less than 100K LINK have dumped 5.67M LINK from their collective wallets in just 2 months

Throughout the history of crypto, large wallets scooping up coins from impatient or panicked retail traders is typically a recipe for market cap rises.

Of course, the success of large cap altcoins like Chainlink will still be dependent on Bitcoin's ability to stay propped up. If it does, there are strong signs that patient hodlers will be rewarded in the long-term.

🔗📈 Chainlink has enjoyed a late-week rally, and now needs to climb just +10.8% to match its 3-year high from January, 2022. It is encouraging that there is very little retail FOMO toward LINK. Markets move the opposite direction of the crowd's expectations, so the crowd's disbelief will only help fuel this rally further. 👍

🐳 According to the Santiment Centralized Exchange Deposits Dashboard, some of the largest trasnfers of altcoins include Eigenlayer ($2.8M), Ethena ($2.5M), Worldcoin ($2.0M), Wrapped Bitcoin ($4.8M), Pepe ($3.0M), and Chainlink ($1.8M).

When large levels of an asset's supply suddenly get moved to exchanges, it is a sign that a whale has intent to sell off a portion of their coin holdings. Though Bitcoin's continued ascent may minimize the impact of any tops for these respective altcoins, be aware of projects on this list being at greater risk of (at least) temporary retraces.

Monitor the top centralized exchange deposits on the completely FREE dashboard here!

🐟 When a network's overall amount of wallets declines, it is a sign of FUD & capitulation from novice traders that is often a bullish indicator for the coin's price (since those liquidated coins are likely being bought by larger whales & sharks who are hodling for the long-term.

Retail traders largely control the amount of non-empty wallets on a network, considering there are an enormous amount of small wallets compared to whale wallets. With this said, here are the changes in non-empty wallets over the past month for notable top cap assets:

🪙 Bitcoin (BTC): +11,263 (+0.02%)
🪙 Ethereum (ETH): +1,950,000 (+1.50%)
🪙 XRP Ledger (XRP): +88,261 (+1.61%)
🪙 Cardano (ADA): -34,931 (-0.78%)
🪙 Dogecoin (DOGE): +109,410 (+1.65%)
🪙 Chainlink (LINK): +991 (+0.14%)

🧑‍💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) Internet Computer $ICP 🥇
➡️ 2) Chainlink $LINK 🥈
➡️ 3) Hedera $HBAR 🥉
📈 4) Cardano $ADA
📉 5) Optimism $OP
📈 6) Kusama $KSM
📈 7) Polkadot $DOT
📈 8) Ethereum $ETH
📉 9) ZKSync $ZK
📈 10) Starknet $STRK

📖 Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading!

😨 Chainlink, Ethereum, Bitcoin, Solana, and XRP are the assets the crowd has turned the most negative on during this mild crypto slump. Coins with the most bearish crowd narratives historically have the best chance of rising. Here are the 20 best candidates:

🪙 1) Chainlink $LINK
🪙 2) Ethereum $ETH
🪙 3) Bitcoin $BTC
🪙 4) Solana $SOL
🪙 5) XRP $XRP
🪙 6) Optimism $OP
🪙 7) Polygon $MATIC
🪙 8) Sui $SUI
🪙 9) Cronos $CRO
🪙 10) Fantom $FTM
🪙 11) Avalanche $AVAX
🪙 12) Cardano $ADA
🪙 13) Render $RENDER
🪙 14) Floki $FLOKI
🪙 15) Pepe $PEPE
🪙 16) Toncoin $TON
🪙 17) Filecoin $FIL
🪙 18) Injective $INJ
🪙 19) Shiba Inu $SHIB
🪙 20) Tron $TRX

🧑‍💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) Internet Computer $ICP 🥇
📈 2) Chainlink $LINK 🥈
📉 3) Hedera $HBAR 🥉
📈 4) Optimism $OP
📉 5) Cardano $ADA
➡️ 6) Cosmos $ATOM
📈 7) ZkSync $ZK
📈 8) Avalanche $AVAX
➡️ 9) Polkadot $DOT
➡️ 10) Kusama $KSM

Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading.

🔗📊 LINK's discussion dominance across social media is officially at its highest level of 2024. Combined with declining total holders, this is generally a bullish signal if markets stabilize this upcoming week. The asset sits at $10.22, a -18% drop since its Aug 18 local top.

🧑‍💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:

📈 1) Internet Computer $ICP 🥇
📉 2) Hedera $HBAR 🥈
📈 3) Cardano $ADA 🥉
📉 4) Chainlink $LINK
📉 5) Optimism $OP
📈 6) Cosmos $ATOM
📈 7) Starknet $STRK
📉 8) Status $SNT
📈 9) Ethereum $ETH
📈 10) Polkadot $DOT

Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading.

📊 Chainlink and Ethereum are seeing their combined lowest levels of 30-day (short term) and 365-day (long term) average trading returns Sunday. Historically, the more 'blood in the street' there is from other traders, the more justification there is to buy into others' pain.