Chainlink is gaining attention in the market because recent data from Binance shows a significant increase in large withdrawals of LINK tokens.
Summary
- LINK exchange outflows reached 2025 highs as investors moved tokens off Binance during May trading.
- Whale wallets holding 100,000 LINK hit a record, adding pressure to the accumulation debate now.
- LINK price remains below $9.87 midline, leaving $9.65 and $8.95 as key levels for traders.
According to CryptoQuant’s Darkfost, the largest 10 withdrawals of LINK from the Binance exchange have reached a new high for 2025.
According to the analyst, there was a significant outflow of LINK tokens throughout May, averaging over 3,600 per day, and exceeding 5,000 on multiple days. This pattern usually indicates investors are transferring their tokens from exchanges to personal wallets, likely with the intention of holding them for a longer period.
The market for altcoins, cryptocurrencies other than Bitcoin and Ethereum, is also showing signs of recovery after hitting a low in February. According to Darkfost, an indicator called Total3 – which measures the combined value of all cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins – has increased by over 15% since that low point.
As an analyst, I’m tracking some interesting developments in the crypto market. While it’s still facing challenges, we’re starting to see early signs of a potential recovery since the market hit a low point in early February. Notably, outflows are surging, reaching levels we previously anticipated for 2025. I’m currently analyzing Total3, a metric that measures the overall crypto market…
— Darkfost (@Darkfost_Coc) May 27, 2026
The financial recovery is happening at different speeds. While some investments have done very well, many others are still trading well below their peak values.
Chainlink price trades below key recovery level
Chainlink was trading around $9.42 on crypto.news, a significant drop of 82.13% from its peak price of $52.70 on May 10, 2021. With approximately $293.28 million in trades daily, LINK remains one of the most actively traded cryptocurrencies.
With a market value of roughly $6.84 billion, Chainlink currently has 727.09 million tokens in circulation. Because the total supply is capped at 1 billion LINK, investors are paying close attention to how the supply changes over time.
According to technical analysis, LINK was trading at $9.87, below its 20-day moving average. The price ranged between approximately $8.99 and $10.76 during that period.

The price is currently holding steady above its recent low, but it’s not yet clear if buyers are fully in charge. If the price climbs above $9.65, as noted by CryptoWZRD, it could signal further gains. However, if it falls below $8.95, attention will likely return to the previous support level.
Whale wallets add to accumulation signal
Just two days ago, data from Santiment showed increased activity from large Chainlink holders (often called ‘whales’). They reported a record high of 805 wallets now holding at least 100,000 LINK tokens. This represents an 8.2% increase in these large holdings over the past seven weeks.
Chainlink has reached a new record with 805 wallets holding at least 100,000 $LINK tokens, currently valued at $958,000 or more. Over the past seven weeks, the number of wallets holding this amount has increased by over 8%. This demonstrates strong confidence in Chainlink, which is currently the 16th largest cryptocurrency by market capitalization.
— Santiment Intelligence (@SantimentData) May 25, 2026
This strengthens the signal that tokens are leaving exchanges. When large cryptocurrency wallets increase their holdings as tokens move off exchanges, it’s often seen as a sign of buying. This suggests that major investors may be planning to hold onto their tokens for the long term, rather than selling quickly.
Despite this development, it’s too early to say for sure if the market is about to change direction. Darkfost pointed out that one sign alone isn’t enough to confirm a major shift.
It’s important to note that LINK is currently trading with a weak technical outlook. The Chaikin Money Flow indicator is around -0.07, suggesting a slight outflow of money. While not a strong sell-off, some selling pressure is still evident.
Chainlink fundamentals remain active
As a crypto investor, I’ve been keeping a close eye on Chainlink, and the latest network data is really encouraging. They just hit over $110 billion in total value secured through their CCIP – that’s a huge milestone! A big chunk of that, around $60 billion, is locked up in tokens moving between different blockchains using Chainlink, and another $50 billion is relying on their data feeds for DeFi applications. It gives me more confidence in their role in the broader crypto ecosystem.
According to the report, by late May 2026, Chainlink had facilitated $30.31 trillion in transactions and securely recorded 19.39 billion messages on the blockchain.
Chainlink recently achieved SOC 2 Type 2 certification, a standard demonstrating its commitment to security and reliability for larger organizations. According to a report, the Cross-Chain Interoperability Protocol (CCIP) was processing around $90 million in token transfers each week, and Chainlink’s systems had already facilitated over $28 trillion in transactions.
Currently, the price of LINK is showing mixed signals. While large investors are increasing their holdings and coins are leaving exchanges – both suggesting potential price increases – the price itself is staying within a range of $9 to $10. For the price to really start going up, it needs to break past $9.65 and then $9.87.
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2026-05-27 11:18