A renowned cryptocurrency chart analyst named Ali Martinez recently praised Chainlink (LINK) on Twitter for its effectiveness in the face of an unsteady cryptocurrency market. Martinez claimed that LINK has constantly held its position, remaining around the $7 mark, whereas quite a few cryptocurrencies have been taking the spotlight since December.
Martinez included a telling market chart image with his tweet, which came from Santiment, a market intelligence platform renowned for its on-chain and social indicators. The crypto researcher praised Chainlink’s builders for their meticulous work, which has been laser-focused on enhancing the community’s capabilities.
Meanwhile, Santiment recently tweeted insightful observations regarding Chainlink’s booming fortunes. In response to its findings, Chainlink last Thursday jumped almost $8 ahead of the altcoin pack, outperforming its peers.
The driving force behind LINK’s value increase, according to the information analysis firm, was a significant whale accumulation. The platform kept track of the top deals worth $1 million or more in this year.
Further exploring the surprising facts, Santiment’s thorough market chart showed the rise of LINK transactions worth $1 million or more, which coincided with the coin’s value increase. The figure also showed an increase in accumulation among shark/whale addresses, which held 100,000 to 10,000,000 LINK tokens and reached a significant 7-month high.
It’s important to note that the developments around Chainlink and the growth of such powerful addresses have sparked excitement and speculation among the crypto community. At the time of publication, LINK was trading at $7.78, a minor decrease of 2.77% in value over the previous seven days.