LINK Supply on Exchanges Sees Largest Net Outflow in Over a Month
The Chainlink (LINK) supply on exchanges has seen its largest net outflow in over a month, with 1.26 million LINK moving off exchanges in just 24 hours.
This significant shift is attributed to holders moving their coins from exchange wallets into self-custody or protocol-level wallets, reducing the sell-side liquidity pool and making it more difficult for prices to drop.
The Santiment update notes that declining exchange supply lowers future selloff risk, suggesting some LINK holders are transitioning from short-term trading stances to longer-duration positions.
This development is particularly significant given recent institutional integrations, including DTCC's tokenized U.S. securities trades and CCIP's expanded support for regulated financial applications.