- Chainlink recorded exchange outflows of 3.86 million LINK since June 20.
- LINK trades above $13, rising about 12% last week following a recent partnership with Mastercard.
- Bullish price targets include a potential rally to $25–$30, while bears could aim for $10 lows.
The price of Chainlink (LINK) has climbed roughly 12% over the past week and is trading near $13, driven in part by notable token withdrawals from centralized exchanges during the last ten days.
LINK’s upward momentum accelerated after a high-profile partnership announcement with Mastercard, which helped catalyze recent gains for the token.
Despite some profit-taking risk, the strength of LINK suggests bulls are preparing to challenge a major supply wall.
Chainlink records 3.86 million LINK leaving exchanges
Analytics platform Sentora (formerly IntoTheBlock) reports a steady net outflow of LINK tokens from centralized exchanges (CEX) beginning June 20, 2025.
Exchanges have seen uninterrupted net outflows of $LINK since 20 June, with about 3.86 million tokens ($51.26 million) leaving exchanges since then. pic.twitter.com/0n4EnIYZfC
— Sentora (previously IntoTheBlock) (@SentoraHQ) June 30, 2025
Approximately 3.86 million LINK, valued at about $51.26 million, have been withdrawn from exchanges. This trend typically indicates investors moving holdings into private wallets, a behavior associated with longer-term accumulation rather than imminent selling pressure.
Lower exchange balances often reduce available supply on trading platforms, which can contribute to upward price pressure when demand remains steady or increases.
The exchange outflows coincide with growing optimism about Chainlink’s role in bridging traditional finance (TradFi) and decentralized finance (DeFi), highlighted by the recent large-scale partnership with Mastercard.
Chainlink’s interoperability infrastructure and oracle services are central to that collaboration, and market participants see the integration as a potential driver of wider adoption.
LINK price analysis
LINK is trading around $13.31, down about 1.3% in the last 24 hours but up nearly 12% over the prior seven days—reflecting strong weekly performance. Despite the small daily pullback, LINK remains above a key support level near $13, showing resilience amid mixed market conditions and indicating the possibility of a bullish breakout.
The Mastercard partnership, announced on June 24, 2025, has driven market enthusiasm. The initiative aims to give more than 3 billion cardholders the ability to buy on-chain crypto through Swapper Finance, leveraging Chainlink’s interoperability technology.
Market observers and analysts suggest this integration could boost open interest and derivative activity. Open interest has risen modestly, and derivative volumes have shown notable increases, signaling heightened trader engagement.
If buyers push LINK above immediate resistance around $14, the token could target a move into the $25–$30 range. That band represents an important technical and psychological zone; a successful breach could open the door toward the 2021 peak near $52.
Conversely, failing to hold the $13 support level would hand momentum back to the bears. In that scenario, key support sits near $10. A deeper break below $10 could invite additional selling pressure and bring the next demand zone around $5 into focus.
In summary, Chainlink’s recent exchange outflows and the Mastercard partnership have bolstered optimism for LINK, but price direction will depend on whether bulls can sustain gains above short-term resistance or if bears reclaim control by breaking key support levels.