On-chain data shows new investors have been coming into Chainlink (LINK) as the MVRV Ratio signals a potential long-term opportunity for the asset.
Chainlink Has Seen Its Total Holder Count Reach A New High
In a new post on X, the analytics firm Santiment has discussed about the latest trend in the Total Amount of Holders metric for Chainlink. This indicator measures, as its name suggests, the total number of addresses on the LINK network that are carrying some non-zero balance.
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Below is the chart shared by Santiment that shows how the value of the metric has changed during the past year.
As displayed in the graph, the Total Amount of Holders observed an inflection point earlier this year and has since been climbing
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