Santiment Commented: “The Last Time This Metric Was Seen In This Altcoin, There Was A 123 Percent Rally In 4 Weeks”

Santiment, a cryptocurrency analysis company, has highlighted an interesting finding in their recent analysis. They discovered that the amount of Chainlink (LINK) supply on exchanges has decreased from 23% to 21.4% in just 30 days. Santiment points out that the last time there was such a decline in supply, LINK experienced a remarkable 123% rally in the following four weeks. Another renowned cryptocurrency analyst, Ali Martinez, also shared similar insights, revealing that cryptocurrency whales have been actively buying LINK for the past three weeks. Martinez’s data indicates that these whales have accumulated approximately 8.46 million LINK, equivalent to around 118.44 million dollars. Additionally, Martinez hints at the possibility of Solana ETFs being the next big thing following the recent approval of Ethereum Spot ETFs by the SEC. As always, it is essential to note that this information should not be taken as investment advice.