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Crypto

Chainlink Supply Drops Amid Rising Institutional Adoption

Guavy AI Editorial Team
Instruments
BTC LINK
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Chainlink (LINK) experienced a significant reduction in its available supply as 1.26 million tokens left centralized exchanges, marking the largest daily outflow since June 29.

This decline in exchange liquidity suggests stronger accumulation and less immediate selling pressure on LINK's price.

Institutional adoption of Chainlink is rising, with notable developments including DTCC's tokenized security trades using Chainlink and BitGo migrating $7.7 billion in Wrapped Bitcoin infrastructure to Chainlink's Cross-Chain Interoperability Protocol (CCIP) network.

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