Chainlink LINK Adoption Soars as Holder Count Hits All-Time High Amid Undervalued MVRV Signal
Chainlink's network is witnessing a significant surge in adoption, with the number of non-zero LINK wallets reaching a record high. According to Santiment data, the holder count has shown consistent growth since early 2024, indicating both new investor participation and diversification among existing users.
The 1-year Market Value to Realized Value (MVRV) ratio suggests that LINK may currently be undervalued—a historical pattern that has frequently preceded price rallies. This network expansion, combined with the technical indicator, presents what analysts are calling a potential accumulation opportunity for long-term investors.