Massive LINK Withdrawal: $51.26 Million Leaves Exchanges

30 June, 2025, 09:29 AM

Recent data indicates a significant shift in Chainlink (LINK) holdings. Sentora, a DeFi analytics platform (formerly IntoTheBlock), reported on June 20th that a substantial 3.86 million LINK tokens, valued at roughly $51.26 million, have been withdrawn from centralized exchanges (CEX) in the last 10 days. This exodus of LINK from exchanges suggests increasing investor confidence in holding the asset, possibly indicating a bullish outlook on Chainlink's future within the decentralized finance (DeFi) ecosystem. Reduced supply on exchanges could also contribute to price appreciation as scarcity increases. Investors may be moving their LINK to cold storage for long-term holding or staking within DeFi protocols to earn yield. The substantial withdrawal warrants attention as it could signal evolving market dynamics for Chainlink. ```