LINK rose 10.18% to $8.71 as more than 15.7 million tokens left exchanges, while Chainlink’s role in DTCC tokenized-asset trades and other integrations supported sentiment.
Chainlink’s exchange balances fell by more than 15.7 million LINK over the past month, a roughly 12% drop that Santiment said supports investor accumulation and could reduce near-term selling pressure. Sunday alone saw net outflows of 1.04 million LINK, one of the largest recent daily withdrawals, though Santiment noted that exchange outflows do not always lead to immediate price gains. LINK also led gains among the top 20 cryptocurrencies this week, rising 10.18% to $8.71, its highest level since early June, as softer U.S. inflation data helped lift risk assets broadly. Broader ecosystem developments added support, including Chainlink’s participation in DTCC’s first production trades of tokenized assets on July 15, the extension of CCIP to the Canton Network, and its selection by ADI Predictstreet for prediction-market settlement and instant payments tied to the 2026 FIFA World Cup. BeInCrypto also reported that non-empty LINK wallets on Ethereum reached an all-time high of 900,000 last week.