Analysis Firm Reveals One of the Altcoins Most Accumulated by Whale and Shark Investors

Cryptocurrency analysis company Alphractal has shared some remarkable data for Chainlink ($LINK) in its latest report.

According to the company, Chainlink's realized price (the weighted average cost of all circulating coins based on recent movements) is currently around $15.1. This level stands as a strong support zone in case of a potential pullback and represents a critical accumulation area.

According to the data, there is a steady increase in the number of wallets holding 100,000–1 million $LINK and over 1 million $LINK.

Alphractal noted that although many addresses are still profitable, whales and sharks have confidence in Chainlink’s long-term potential, pointing out that the project could be the backbone of the upcoming bull market.

$LINK's price has surged by an impressive 40% in the last month, and at the time of writing, it's trading at $23.70. $LINK is the world's eleventh-largest cryptocurrency by market capitalization.

*This is not investment advice.