Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’

Chainlink (LINK) is experiencing a surge in new investors, as indicated by on-chain data analyzed by Santiment. The total number of LINK holders has reached a new all-time high, reflecting increased adoption. This increase in holders suggests fresh investment and potential returning investors. Existing users may also be creating new wallets for various purposes, further contributing to the growth. The Market Value to Realized Value (MVRV) Ratio reveals insights into investor profitability. The 365-day MVRV Ratio for Chainlink currently sits at a negative 17.3%. This indicates that investors who bought within the last year are, on average, holding a loss. Santiment suggests that this negative MVRV ratio could signal a long-term investment opportunity. The trend is because investors holding losses are less likely to sell. At the time of writing, Chainlink's price is around $13.15, showing positive gains.