Chainlink (LINK) Demand Surges as $120 Million Exits Exchanges

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-23 16:08:22

Chainlink LINK News - Chainlink (LINK) is experiencing a resurgence as investors aggressively accumulate the altcoin, withdrawing over $120 million from exchanges in the past month. This shift indicates renewed confidence following a prolonged slump, with LINK’s price surging 12.9% in just 24 hours—suggesting a potential rebound from its three-month lows around $27. Data from IntoTheBlock and CryptoQuant shows a sustained outflow of tokens from trading platforms, highlighting a broader trend of holders choosing to hold rather than sell. market analysts interpret this movement as a bullish divergence: while prices stagnated, savvy investors were quietly accumulating.

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