Over the past month, Chainlink's exchange reserves have continued to decline. On-chain statistics show that approximately 15.7 million LINK tokens have flowed out of known exchanges, a decrease of about 12%. While the number of tokens available for sale on exchanges has decreased, Chainlink's institutional partnerships have continued to increase recently.
15.7 million coins flowed out in one month
The article states that approximately 1.04 million LINK tokens left exchanges on Sunday alone, representing a significant single-day outflow during this period. A decrease in exchange holdings typically indicates a reduction in the number of tokens available for short-term sale, thus easing selling pressure in the spot market.
DTCC and Canton advance their collaboration
Regarding institutional adoption, the U.S. Depository Trust and Clearing Corporation (DTCC) has processed production-level transactions involving U.S. tokenized securities, with Chainlink providing technical support. Meanwhile, Chainlink's cross-chain interoperability protocol, CCIP, has been extended to Canton to connect the Canton Network with Ethereum.
United Stables has also selected Chainlink as its official oracle and cross-chain infrastructure provider. The company plans to leverage this system to expand the distribution of its U stablecoin, which is natively deployed on the BNB Chain and has a scale exceeding $1 billion.
$10 remains the first resistance level.
In addition to institutional partnerships, Chainlink has recently added new application scenarios. In June, ADI Predictstreet, the official prediction market partner for the 2026 FIFA World Cup, announced that it would adopt Chainlink as its exclusive oracle infrastructure for market settlement and instant payments.
However, from a price structure perspective, LINK remains within a long-term consolidation range. The article mentions that $10 is the first major resistance level; if this level is broken, the market may then focus on the $13 and $16 ranges. According to the data in the article, LINK's current price is approximately $8.50.
