Chainlink Reaches New High of 769,380 Total Holders

On-chain data indicates an influx of new investors into Chainlink (LINK), with the MVRV Ratio suggesting a long-term investment opportunity.

Key Highlights

Total holders of Chainlink have reached an all-time high of 769,380, with 7,903 new non-zero balance addresses added in the past month.
The Total Amount of Holders metric shows significant growth, indicating net adoption and new wallet creation.
The 1-year MVRV Ratio stands at -17.3%, suggesting that investors are currently holding losses, which may reduce selling pressure.
Current price of Chainlink is approximately $13.15, reflecting a more than 2% increase over the last week.