Chainlink Shake-Up: Investors Pull $120 Million From Exchanges
Chainlink (LINK) has experienced over $120 million in token outflows from exchanges in the past 30 days, indicating a shift in investor sentiment towards long-term storage in private wallets. This decline in exchange supply could lead to price increases if demand remains strong. Currently, LINK trades at $14.45, a 14% increase over the last week, with a market value nearing $10 billion. Projections suggest LINK could reach $26 by December, contingent on Bitcoin's performance, though some indicators forecast a potential decline to $10 by May 2025. Chainlink is expanding its partnership network, recently joining the Digital Chamber's Executive Committee and collaborating with major financial institutions like Swift and Fidelity. The project is also focusing on tokenized real-world assets through initiatives with Abu Dhabi Global Market. In the last 30 days, LINK recorded 16 positive price movement days, with fluctuations reaching up to 8.40%.
