Gas spent and the daily wallets with 1+ LINK were on a declining trend, at press time. Metrics showed signs of recovery, but LINK’s price action was bearish. Chainlink [LINK] has been witnessing a constant decline in its number of holders lately. Dune’s data revealed that the daily number of wallets with 1+ LINK has […]
The official announcement mentioned that SteakHut decided to use Chainlink Automation to monitor the state of smart contracts and perform advanced liquidity management on-chain because it is the most reliable Web3 automation service.’s network growth remained relatively high, indicating that a larger number of new accounts were used to transfer the token. The velocity also followed a similar trend, which too suggested high network activity.
However, negative sentiments around LINK were dominant in the market. Well, this can cause trouble for LINK since investors’ faith seems to be dwindling.Though there were signs of recovery on the network front, LINK’s price action aligned with the sellers’ interests. According to CoinMarketCap, the price of LINK dropped by more than 3% in the last 24 hours, and it was trading at $7.13, at the time of writing.
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