Chainlink Plunges 17%—Here’s the One Move That Could Spark a Stunning Comeback
A distribution phase has been underway over the past ten days
The data from Santiment showed that the wave of profit-taking on LINK might be at an end.
Source: Santiment
The Dormant Circulation saw a sizeable spike on the 1st of August. It signaled increased on-chain token movement, and generally is a result of heightened selling activity.
It came alongside a 5.08% price drop for the day.
Meanwhile, the Mean Coin Age (90-day) — which had been trending higher — has steadily declined over the past two weeks. This drop aligns with the view of broader network distribution.
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