Large investors are withdrawing significant amounts of LINK from exchanges, signaling long-term accumulation

In recent months, there has been a significant outflow of Chainlink (LINK) tokens from centralized exchanges, which may indicate a strategic accumulation of the asset by large investors. According to the data, LINK volume on exchanges dropped from 195 million to 123 million tokens between August and November 2025, equivalent to an outflow of more than 63 million LINKs. ([kucoin.com](https://www.kucoin.com/ru/news/flash/chainlink-sees-over-63m-link-withdrawn-from-exchanges-amid-price-volatility?utm_source=openai)) October 2025 saw 1,963 new onchain addresses and $4.5 million in outflows from exchanges, indicating the potential for the LINK price to break above $25.2. ([kucoin.com](https://www.kucoin.com/ru/news/flash/chainlink-shows-breakout-potential-with-1-963-new-addresses-and-4-5m-exchange-outflows?utm_source=openai)) In November 2025, Chainlink experienced an outflow of 34 million tokens, reducing reserves on exchanges from 180 million to 146 million since January. This trend, along with the remaining 15% supply on exchanges, indicates strong hoarding and long-term holding behavior. ([kucoin.com](https://www.kucoin.com/ru/news/flash/chainlink-sees-34m-link-outflow-fueling-bullish-breakout-anticipation?utm_source=openai)) Analysts note that such outflows are often linked to investors' intention to hold assets for the long term, which can reduce the available supply in the market and potentially drive up the price. However, despite the significant outflows, LINK's November 2025 price has declined to $14.69, which may be due to general market volatility and other macroeconomic factors. ([kucoin.com](https://www.kucoin.com/ru/news/flash/chainlink-sees-over-63m-link-withdrawn-from-exchanges-amid-price-volatility?utm_source=openai)) Overall, the continued outflows of LINK from exchanges may indicate the confidence of large investors in the long-term prospects of the Chainlink project and its role in the decentralized finance ecosystem.