Is Chainlink likely to rally soon as development activity surges?

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Is Chainlink likely to rally soon as development activity surges?
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Chainlink's development activity reaches new heights. Whale concentration amongst holders surge, leaving retail investors vulnerable.

Whales showed interest. However, the price of LINK fell.has been known for its high number of collaborations with different types of companies in the space. With an increasing array of oracles and services to provide, Chainlink has shown growth across various verticals.Along with the rise in collaborations, there was also a surge in development activity on its network. Santiment’s data revealed a significant surge in Chainlink’s GitHub development activity during the summer months.

In conjunction with the surge in activity, there has been a noticeable uptick in the interest of large investors. According to Santiment’s data, individuals categorized as whales and sharks, holding between 100K to 10M LINK, have accumulated the highest number of coins since December 2022.

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