Chainlink Sees Largest Exchange Outflow Since June 29: 1.26M LINK Withdrawn in 24 Hours

BitcoinWorld Chainlink Sees Largest Exchange Outflow Since June 29: 1.26M LINK Withdrawn in 24 Hours Chainlink’s native token LINK has recorded its most significant exchange outflow in over two months, with 1.26 million tokens—worth approximately $10.3 million—withdrawn from trading platforms in the past 24 hours.

According to blockchain analytics firm Santiment, this marks the largest such movement since June 29, a signal that long-term holders may be moving assets into self-custody rather than preparing to sell.

What Exchange Outflows Signal for LINK Exchange outflows are closely monitored by traders and analysts as an indicator of selling pressure.

When tokens leave exchanges, it typically suggests that investors are shifting holdings to personal wallets or custody solutions, reducing the immediate supply available for trading.