Chainlink Investors Withdraw Over $120 Million in Last 30 Days

Chainlink (LINK) has seen substantial token outflows from exchanges, totaling over $120 million in the past 30 days, indicating a shift in investor sentiment towards long-term storage.

Key Points

Majority of LINK holders are moving tokens to private wallets rather than selling.
Current trading price of LINK is $14.45, reflecting a 14% increase over the past week.
Chainlink's market capitalization approaches $10 billion.
Predictions suggest LINK could reach $26 by December, contingent on Bitcoin's performance.
Technical indicators show potential for a decline to $10 by May 24, 2025, while current sentiment is neutral with a Fear & Greed Index at 64, indicating greed.
Chainlink is expanding partnerships, joining the Executive Committee of the Digital Chamber and collaborating with Monad for mainnet support.
New initiatives include entering the tokenization of real-world assets through collaboration with Abu Dhabi Global Market (ADGM).
LINK has experienced 16 positive price movement days in the last 30, with fluctuations up to 8.40% during this period.