⬆️ LINK holders are moving tokens off exchanges: are they piling up?

However, on-chain flows from IntoTheBlock show that more holders are moving tokens off leading exchanges like Binance and Coinbase. In a post on X, the analytics platform notes that exchange flow has been negative over the past month, indicating ongoing withdrawals.

Typically, when tokens are moving off exchanges, it can mean that holders are confident about what lies ahead. Since LINK, an ERC-20 token, is supported by many DeFi protocols, this could mean that holders are interested in interacting with these dapps, possibly earning passive income.