Chainlink Jumps 24% in a Month but New Wallets Barely Grow as Large Transfers Hit Exchanges
- —LINK rose 24.4% from Sept. 1 to Oct. 6, peaking intraday at $15.77 on Sept. 28
- —New LINK addresses grew only 2% to 1,249 per day, versus 33% growth for Solana
- —A Galaxy Digital OTC client moved 134,000 LINK worth $1.73 million to Binance
- —On Oct. 9, 14.125 million LINK worth about $180 million left a non-circulating supply wallet
Why it matters: Heavy exchange inflows could add selling pressure, while sluggish user growth casts doubt on the rally's durability.
Source: Blockmedia