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Chainlink (LINK) has observed a sharp price jump as on-chain data shows a large amount of the asset has left centralized exchange wallets. Chainlink Exchange Outflow Witnessed Spike Ahead Of Price Surge As explained by analyst Ali Martinez in a new post on X, the LINK Exchange Outflow has registered a large spike in the […]
https://bitcoinist.com/chainlink-surges-13-as-exchange-outflows-spike/
bitcoinist.com / Bitcoinist
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2025-05-09 12:30:59
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wss://articles.layer3.newsPublished at
2025-05-09 12:30:59Event JSON
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"Chainlink's Exchange Outflow has witnessed a large spike in the past day, with investors withdrawing over 3.32 million LINK from exchanges, worth $50.91 million. This trend is often seen as a bullish sign, indicating that holders are transferring out tokens to hold for the long term in self-custodial wallets. The sharp price jump could be attributed to whale entities buying into the asset, anticipating a run."
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