Chainlink Binance Reserves Fall to Multi-Year Lows as LINK Trades Below $10

On June 7, 2026, analysts said Chainlink (LINK) remained under pressure below $10 even as exchange data pointed to a longer-term decline in LINK held on Binance. Binance reportedly holds about 85.1 million LINK (roughly $766 million), close to two-thirds of centralized-exchange LINK, while reserves have trended down from near 145 million in 2022–2023. LINK was trading around $9, with analysts highlighting $8.50 as key support and noting $10.50 as a level that could signal stronger buyer control if reclaimed.