Chainlink's LINK hits highest since January as demand grows and exchange supply tightens.

Chainlink's LINK token surged to $10.48, its highest level since January, driven by increased demand and reduced exchange supply as holders moved tokens to long-term custody. Over 13.5 million LINK left exchanges in five weeks, tightening liquidity while whale wallets accumulated nearly 33 million tokens. This shift coincided with a $3 billion capital rotation into Chainlink-integrated DeFi protocols following security exploits in other systems, highlighting a market preference for secure infrastructure. LINK's rally aligns with strong growth in Chainlink's CCIP cross-chain volume and sustained oracle market dominance, suggesting continued momentum if infrastructure adoption and network activity persist.