Over $120 Million in Chainlink Leaves Exchanges — What’s Fueling the Move? - Chainlink (LINK), the decentralized oracle network, is drawing renewed attention as it enters a fresh phase of price discovery. Recent activity on the blockchain shows a significant trend: more than $120 million worth of LINK tokens have been moved off centralized exchanges in the past month — a shift that's sparking conversation among analysts and traders alike.
According to data shared by blockchain analytics firm IntoTheBlock via X (formerly Twitter), Chainlink has seen a steady stream of withdrawals totaling over $120 million in the last 30 days. Visual data supports this movement, indicating a clear uptick in LINK leaving trading platforms.
This trend typically suggests that investors are transferring their holdings to private wallets — a behavior often linked to long-term confidence rather than an intent to sell. Reduced exchange supply can also create a favorable setup for price increases, especially if demand picks up alongside the outflows.
However, while the accumulation signals optimism, it's not all one-sided. Whale sell-offs — large holders cashing out — still occur, adding a balancing layer to LINK's liquidity dynamics.
Chainlink is also benefiting from the broader market upswing, largely led by Bitcoin’s recent strength. LINK recently pushed past a crucial support level around $12.50 — a zone that has historically acted as a key pivot for price action.
Earlier this year, well-known crypto analyst CRYPTOWZRD identified this area as a major resistance level, so breaking through it adds to the bullish sentiment. Some projections even suggest LINK could climb as high as $26 by year-end — though much of that depends on how Bitcoin performs in the coming months.
As of now, LINK is trading at $13.87, reflecting a 3.42% daily increase and a total market cap of roughly $13.81 billion, according to CoinMarketCap.
Over $120 Million in Chainlink Leaves Exchanges — What’s Fueling the Move?
Beyond price and trading activity, Chainlink is also expanding its footprint in the broader blockchain ecosystem.
On April 21, 2025, the Digital Chamber revealed that Chainlink Labs had joined its Executive Committee — a step that strengthens its involvement in shaping policy and regulatory standards in the blockchain space.
Just a day later, Monad announced that its mainnet will natively support Chainlink’s tech stack, including data oracles and cross-chain capabilities. Additionally, Chainlink continues building partnerships with heavyweights like Swift, DTCC, and Fidelity.
Chainlink’s collaborations also extend into DeFi platforms like Aave and Lido, signaling its growing role in the infrastructure of decentralized finance. One particularly exciting frontier is its push toward tokenizing real-world assets (RWAs). In March, Chainlink partnered with Abu Dhabi Global Market (ADGM) to explore new pathways in asset tokenization.
These developments point to more than just price speculation — Chainlink appears to be laying the groundwork for long-term relevance in the evolving blockchain economy.
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