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Chainlink Logs 970,000-Token Exchange Outflow as Price Stalls Near $9.25

The sharp withdrawal reduces sellable tokens on exchanges without proving new buying.

Overview

  • Chainlink’s exchange wallets saw a net 970,430 LINK leave on April 27, 2026, the largest one-day outflow since December 2, 2025, according to Santiment.
  • Exchange reserves have fallen over 25 days from about 141.5 million to 130.9 million tokens, with CryptoQuant’s exchange supply ratio sliding back to roughly 0.130.
  • Despite the withdrawals, LINK hovered near $9.23 and stayed below the 50-, 100-, and 200-day moving averages clustered around $9.35 to $9.37.
  • Analysts caution that large outflows can reflect over-the-counter transfers or DeFi deposits rather than accumulation, which helps explain the muted price move.
  • Enterprise traction continued as Chainlink listed its Data Feeds, Data Streams, and Proof of Reserve on the AWS Marketplace and completed a Deloitte SOC 2 Type II audit, while BridgeTower deployed Chainlink’s stack for live tokenized securities tied to Arizona’s DOM X project.