Chainlink’s LINK hits $10.48 as exchange balances drop 13.5M tokens in five weeks

LINK climbed to $10.48, its highest level since January, as exchange-held supply kept shrinking and social chatter picked up. About 13.5 million LINK left exchanges over the past five weeks, removing more than 10.5% of the tradable supply since early April, while wallets holding 100,000 to 10 million LINK added 32.93 million tokens. The tighter liquidity backdrop could support momentum but may also increase volatility if demand rises against limited readily available supply.