The real-world asset (RWA) sector has cooled, with RWA tokens down 3.7% over the past month, underperforming narratives like liquid staking and GameFi. Still, the long-term growth story remains intact.
Yet, despite the correction, a handful of RWA altcoins to watch in September are flashing strong fundamentals and price setups.
Chainlink (LINK)
Chainlink remains the most recognized RWA altcoin, and the recent announcement of a US Department of Commerce partnership to bring government macroeconomic data on-chain only reinforces its credibility.
On-chain data shows whales and top addresses positioned early. Whale balances rose 29.52% in August, bringing holdings to 5.03 million LINK. That means whales added roughly 1.15 million LINK, worth nearly $27 million at today’s price of $23.47.
The top 100 addresses now hold 646.8 million LINK, up 0.47%, with an addition of approximately 3 million LINK, equivalent to around $70 million. Exchange balances dropped by 4.19%, a bullish outflow trend that reduces sell pressure.
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Author: Ananda Banerjee
