Markets· ★★· neutral·

Santiment: LINK Up 24% but New Ethereum Addresses Barely Grew

  • —LINK gained 24%, climbing from $11.22 to $13.96 between September 1 and October 6
  • —Average daily new LINK addresses on Ethereum rose less than 2%, from 1,225 to 1,249
  • —New Solana addresses grew 33% over the same period while its price rose about 20%
  • —The data covers only Ethereum mainnet addresses, excluding CCIP-bridged and ETF-held LINK
Why it matters: The gap between price and on-chain activity suggests LINK's rally may not be backed by organic Ethereum network demand.
#LINK#ETH#SOL
Source: Koin Bülteni
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