LINK Sees No Wallet Growth Despite Price Spike

Chainlink (LINK) is up significantly in price since Sept. 1, but this price rally hasn't been accompanied by a similar rise in new wallet activity. As on-chain analytics provider Santiment noted, LINK's price is up about 24% from Sept. 1 to Oct. 6. However, the number of new LINK addresses hasn't seen much of an increase. As noted by Santiment, new LINK addresses are averaging 1,249 per day over the past four weeks up to Oct. 6. By comparison, new LINK addresses were averaging 1,225 per day over the past four weeks up to Sept. 1.

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