# Chainlink Sees Largest Exchange Outflow Since June Chainlink tokens have been significantly withdrawn from exchanges. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-08-05 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/2d0cfc9a-08cf-4c59-ae4d-d40af31048e0 ## Major Outflow in Chainlink Chainlink recorded an outflow of 1.26 million tokens from exchanges in the last 24 hours. This marks the largest daily outflow since June 29. According to Santiment, the decrease in exchange supply means fewer LINK tokens are available for quick sell orders, potentially reducing future sell-off risks. ## DTCC and Chainlink In July, DTCC processed tokenized US securities trades, listing Chainlink among its technology providers. This development strengthened Chainlink's role in institutional networks. Additionally, Chainlink's Cross-Chain Interoperability Protocol (CCIP) expanded support across networks like Canton and Robinhood Chain. ## Price Movements Chainlink started July around $7.85 and briefly dipped below $7.6. However, the price later climbed, surpassing $8 and reaching around $8.86. By August, it retreated to around $8.2. During this period, whale activity around Chainlink significantly increased. ## Technical Analysis Market watcher 'The Boss' stated that Chainlink is testing whether it can break out of the downtrend that has controlled its price for weeks. While maintaining a long-term demand zone, it is challenging a descending trendline that has repeatedly rejected the price. A break above the first resistance of $11.62 could mark LINK's greatest technical recovery. ## CCIP Adoption Chainlink's Cross-Chain Interoperability Protocol (CCIP) is seeing broader adoption across its ecosystem. In recent months, dozens of projects, including Kraken's kBTC and Solv Protocol's SolvBTC and xSolvBTC, have switched to Chainlink's technology. BitGo also announced moving its cross-chain infrastructure to Chainlink's CCIP. ## Moving Away from LayerZero This shift comes as more projects move away from LayerZero following the $292 million KelpDAO bridge exploit earlier this year. Projects are turning to alternative solutions due to security concerns. Chainlink's CCIP is playing a significant role in this transition. ## Whale Activity Whale activity around Chainlink has significantly increased, indicating strong confidence among major holders. In Santiment's RWA development ranking, Chainlink secured second place, behind Hedera, reflecting the network's increased activity. ## Future Expectations Chainlink's future depends on whether buyers can form higher highs and higher lows. If this structure succeeds, LINK's technical recovery could continue. However, if it fails, the asset may remain trapped within a broader bearish trend. Market watchers are closely monitoring Chainlink's next moves. ## Sources covering this story - https://cryptopotato.com/chainlink-just-saw-its-biggest-exchange-outflow-since-june-bulls-are-watching/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._