Key Insights:
- Over $120 million worth of LINK has been withdrawn from exchanges in the past 30 days.
- LINK price surged over 10% to $14 in 24 hours before a slight pullback.
- Chainlink partnered with Monad, Swift, DTCC, and ADGM to expand data and tokenization tools.
Chainlink (LINK) price is showing strong on-chain signals after over $120 million worth of tokens exited exchanges in the last 30 days. As market sentiment around LINK improves, a wave of accumulation suggests rising investor confidence. Meanwhile, bullish momentum continues as Chainlink advanced partnerships with Monad, DTCC, Swift, and others to bolster real-world tokenization.
Exchange Outflows Suggest Long-Term Accumulation
Blockchain intelligence firm IntoTheBlock reported that LINK withdrawals from exchanges exceeded $120 million over the past month. The data, supported by exchange wallet tracking and blockchain flow analysis, shows consistent outflows, reflecting a net reduction in the amount of LINK available on centralized platforms.
This trend indicates investors are moving LINK to self-custody or cold wallets. Historically, such behavior often reflects long-term holding intentions. By reducing the token supply on exchanges, traders limit sell pressure. Notably, this is a dynamic that can support bullish price movement when demand increases.
Outflows usually reflected investors’ sentiments towards the value of the token in the future, especially when complemented by positive events. While there have been some instances of whales selling, the majority of traders are involved in accumulation. This is in a way that it developed a more constricted supply framework and elevated the bar of what constitutes sell-side liquidity.
Chainlink Gains Traction as Bitcoin Momentum Lifts Altcoins
LINK price rally above $14 coincided with a broader crypto market upswing led by Bitcoin. LINK price rose by more than 10% in 24 hours and broke out of the $12.50 resistance level. According to analyst CRYPTOWZRD, this point is the basis for further price rally.
Most altcoins have followed Bitcoin price pattern, and Chainlink price is no exception to this trend. When Bitcoin price goes up, other related coins get a boost, and from this perspective, it has brought back the focus to projects such as Chainlink. ‘
According to CoinMarketCap data, LINK price rallied over 10% to $14.95 before pulling back to slightly at the time of writing. Even though LINK is trading way below its all-time high, the continuous increase, together with higher trading volumes, supports the bullish narrative. Analysts noted the daily chart has formed consolidation patterns that previous breakouts signify.
Partnerships and Integrations Strengthen LINK’s Ecosystem
Chainlink’s ecosystem continues to evolve rapidly through high-level integrations and strategic partnerships. On April 21, Chainlink Labs became a member of the Executive Committee of the Digital Chamber. This helps the LINK token platform play a critical role in setting worldwide legislation and standards.
The following day, Monad announced that it will support Chainlink services on its mainnet Layer 1 as soon as it is released. This integration includes Chainlink’s decentralized data feeds, automation, and cross-chain smart contracts that are paramount for the creation of secure and scalable DeFi platforms.
Moreover, Chainlink is working with firms like Swift, Fidelity, and DTCC on an effort to combine traditional finance and advanced technologies. These collaborations strengthen Chainlink network as the most preferred provider of reliable oracles for enterprise solutions. This is especially helpful in its application and versatility in different blockchains.
Tokenization and RWA Projects Gain Traction
Chainlink’s ecosystem has expanded rapidly through strategic partnerships and integrations. On April 21, Chainlink Labs joined the Executive Committee of the Digital Chamber, helping shape global crypto policy and standards.
A day later, Monad confirmed Chainlink integration on its upcoming Layer 1 mainnet, including access to decentralized data feeds, automation tools, and cross-chain interoperability—tools vital for secure DeFi infrastructure.
Chainlink has also partnered with Swift, Fidelity, and DTCC in a joint effort to bridge traditional finance with Web3. These collaborations strengthen Chainlink’s position as the leading decentralized.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
