Chainlink, a leading middleware platform in the crypto industry, has been struggling for momentum recently. However, data from IntoTheBlock suggests that more holders are moving their tokens from top exchanges like Binance and Coinbase, signaling sustained withdrawals. This could indicate that holders are confident in the future of Chainlink and interested in engaging with decentralized finance (DeFi) protocols, potentially earning passive income. The increase in transfers from exchanges is seen as a positive sign for Chainlink bulls, and if this trend continues, it could support the uptrend in the token's price. Chainlink has a total supply of 1 billion LINK, with Binance controlling more than 4.2% of the supply. The future growth of Chainlink will depend on the performance of top altcoins like Ethereum, as well as the progress of the Chainlink team. Recently, the team launched the Cross-Chain Interoperability Protocol (CCIP) Private Transactions, which allows for secure and private transactions between different chains.



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