Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Lido Staked Ether 
Cardano 
TRON 
Avalanche 
Shiba Inu 
Wrapped stETH 
Wrapped Bitcoin 
Toncoin 
Sui 
WETH 
Bitcoin Cash 
Chainlink 
Pepe 
Polkadot 
LEO Token 
Stellar 
NEAR Protocol 
Litecoin 
Aptos 
Wrapped eETH 
Uniswap 
USDS 
Cronos 
Hedera 
Internet Computer 
Ethereum Classic 
Bonk 
Bittensor 
Kaspa 
Render 
Ethena USDe 
WhiteBIT Coin 
POL (ex-MATIC) 
Dai 
MANTRA 
Artificial Superintelligence Alliance 
dogwifhat 
Arbitrum 
Monero 
Stacks 
OKB 
Filecoin 
Chainlink’s LINK token has surged to a five-month high in exchange balance, marking a notable uptick in inflows for the first time this year.
The Glassnode charts below show that approximately $75 million worth of LINK has flooded onto cryptocurrency trading platforms since Feb. 1. Consequently, its exchange balance has surged to around 120 million tokens.
A rising exchange balance traditionally signals investors gearing up to offload their crypto holdings. Such inflows typically indicate selling pressure, a bearish sign of potential price declines.
However, this recent surge in balance might be attributed to investors seizing opportunities amidst the recent price surge in the Oracle network. According to CryptoSlate’s data, LINK’s price jumped by more than 23% over the past week, peaking at a two-year high of $19.75.
Nonetheless, amid a broader market downturn, its value has seen a slight dip of around 4% to $18.68 as of press time.
Meanwhile, this slight price correction has proven attractive for a whale address aggressively acquiring the LINK token. Blockchain analyst Lookonchain noted that an unnamed institution, using 47 fresh wallets, withdrew more than 2.2 million LINK units worth approximately $42 million from Binance in the past two days.
Chainlink RWA tokenization venture
Meanwhile, this market dynamic is occurring amid a notable uptick in Chainlink’s Cross-Chain Interoperability Protocol (CCIP) technology adoption for real-world asset (RWA) tokenization.
Last December, the blockchain network revealed that it would look to bridge the gap between traditional finance and blockchain technology through RWA, pointing out that the sector is estimated to be a $16 trillion business opportunity by 2030.
As a result, the network has pushed for partnerships with several traditional firms, including the Society for Worldwide Interbank Transfers (SWIFT), South Korean gaming giant Wemade, and the New Zealand Banking Group. The network has also scored significant integrations with blockchain projects like Base and Circle’s USDC stablecoin.
