A significant Chainlink (LINK) whale, who had established their position two years ago, is suspected of liquidating approximately 540,000 LINK tokens valued at $11.43 million.
Between November and December 2022, five wallets withdrew 540,000 LINK from Binance at an average acquisition cost of $7.54 per token. At that time, the total cost was around $7.55 million. If even one of these addresses sold the tokens at a deposit price of $20.39, the whale could have realized a profit of $6.93 million, representing a staggering return on investment (ROI) of 170%.
Chainlink Among Top Crypto Projects for Development Activity
In December, Chainlink ranked third in development activity among top cryptocurrency projects. Development activity, measured through events on public GitHub repositories, highlights a project’s innovation and growth.
Here’s the breakdown of the top projects by GitHub activity in December:
1. Internet Computer (ICP): 569 events
2. Hedera (HBAR): 428 events
3. Chainlink (LINK): 424 events
4. StarkNet: 378 events
5. Cardano (ADA): 298 events
6. Optimism (OP): 291 events
Chainlink Leads in Real-World Asset Sector Engagement
The real-world assets (RWA) sector is outperforming the broader market, driven by growing interest and engagement across social media. Chainlink is leading the sector in social engagement, followed by Avalanche, ELYSIA, and others.
Top RWA assets by social engagement:
1. Chainlink
2. Avalanche
3. ELYSIA
4. Cogito Finance
5. Ondo Finance
6. Goldfinch
7. Clearpool
8. OriginTrail
9. Internet Computer
10. Quant
11. Hathor
12. VeChain
13. Oraichain
Chainlink’s robust development activity and leadership in the RWA space underscore its growing influence in the crypto ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.