Chainlink Down 6% In A Month: Why Is LINK Not Moving?
Chainlink LINK/USD is down 6% over the past 30 days, with sideways price largely unimpacted by fundamental developments around the protocol. What Happened: According to a Santiment data report, Chainlink has the most balanced concentration of supply among the top ten largest wallets, with 33.1% of token supply held by the top 10. This compares favorably to Ethereum (46.1%), Toncoin (32.8%) and Shiba Inu (61.3%). CryptocurrencyPrice Market Cap24-Hour Trend7-Day TrendChainlink LINK/USD$18.56$11.8 billion-1.1%-9.7%TRON TRX/USD$0.2385$20.5 billion+0.6%+5.8%Avalanche AVAX/USD$25.39 $10.5 billion+0.9%-6.4%Trader Notes: Crypto trader Osemka emphasized that Chainlink's price action consistently respects key levels, making it a leading indicator for altcoin momentum and a safer play than speculative assets. The trader sees several bullish factors working in LINK’s favor: Fundamental Support: Real-World Assets (RWA) adoption provides a strong growth narrative. Technical Stability: Clear support/resistance levels make it easier to trade. Altcoin Cycle Indicator: LINK's movements often precede broader altcoin market shifts. Meanwhile, trader Quinten Francois believes the market is underestimating LINK's potential, calling it an overlooked opportunity. Statistics: IntoTheBlock data shows large transactional volume increased around 10%, while daily active addresses are down 25.2% in a single day. Transactions greater than $100,000 remained relatively flat. Coinglass data shows Chainlink's open interest increased 2.2%, while derivatives trading volume expanded by 85.9%. Liquidations in the past 24 hours stood at $1.41 million. Community News: Chainlink announced that in this current week there were 17 integrations of their standard across five services and 12 different chains. Some of the new integrations include: Mantle, Sei, HashKey Chain, X Layer and others. Read Next: Chainlink Up 23% In A Month: What Is Going On With LINK? Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.