$LINK Sees Largest Exchange Outflow Since June as Long-Term Holders Accumulate
Chainlink's price has been gaining attention after on-chain data revealed its largest daily exchange outflow since late June. According to Santiment, approximately 1.26 million $LINK was withdrawn from centralized exchanges, marking a sharp decline in exchange balances.
This trend indicates that more investors are moving their holdings into self-custody rather than keeping them on trading platforms. The latest outflow comes amid renewed interest in Chainlink's ecosystem and suggests that long-term holders are positioning for potential upside despite the token's recent consolidation.
While exchange flow data alone does not guarantee a price rally, it reflects growing investor confidence and strengthens the broader accumulation narrative surrounding $LINK. With exchange reserves continuing to decline, market participants will now be watching whether sustained buying demand can translate this on-chain strength into a decisive price breakout.