Along with Bitcoin, Ethereum, XRP, Cardano and many other altcoins, Chainlink too has gained some bull run.
As per the analysis made by an analytics firm Santiment says that though Chainlink has gained more than 40% since July, the asset is now depicting some kind of upward volatility.
Among many such indicators that are pointing towards Chainlink’s price development is the on-chain movement of inactive coins. By the end of July, there was a transfer of huge amounts of coins to cold wallets. This kind of movement is a positive indication because it indicates a fact that the spending on the network has reduced.