Crypto
$LINK and $PEPE See Large Net Outflows from Exchanges
Cryptocurrency analysis platform Santiment reported notable net outflows from exchanges for Chainlink and $PEPE, indicating significant change in both altcoins.
The largest daily $LINK outflow since June 29th was approximately 1.26 million tokens held on the ETH network, which may indicate investors moving tokens to personal wallets or different custody addresses, reducing potential selling pressure.
A larger-scale movement was observed on the $PEPE side, with a net outflow of 4.54 trillion tokens from exchanges in the last 24 hours, the largest since November 14, 2024.