Chainlink’s intense uptrend seen throughout the past several weeks has allowed LINK to set fresh all-time highs once again.
The cryptocurrency rallied as high as $6.50 before facing some rejection that sparked a slight selloff, although it is now in the process of journeying back up to these highs.
New data shows that a massive spike in network activity is helping to drive the cryptocurrency higher, signaling that the latest leg of its multi-year high is being driven by fundamental strength rather than pure investor hype.
The four highest network activity outputs in over a year have been posted by LINK throughout the past 6 days.
This also comes as the cryptocurrency’s top investors continue adding to their positions – a trend indicated by the concentration of Chainlink tokens amongst the top one percent of investors.
Chainlink sets fresh highs as whales continue accumulating LINK
It has been a whirlwind of a year for Chainlink. The cryptocurrency was able to extend the parabolic…
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