The token reached its highest level since January while exchange balances fell over five weeks, a shift that can indicate reduced near-term sellable supply.
Chainlink climbed to $10.48, its strongest price level since January, according to the provided update. Over the same five-week period, 13.5 million LINK was removed from exchange supply. In crypto markets, declining exchange balances are commonly watched as a sign that fewer tokens are immediately available for trading, which can coincide with stronger price momentum, although the source reports only the price high and the supply reduction.