Crypto: Chainlink Plunges 21% Despite Massive Withdrawals, Raising Concerns

Chainlink (LINK) lost 20.8% since early October despite a decrease in reserves on crypto platforms. Binance recorded 18 consecutive days of net token outflows, with reserves dropping to 124.2 million LINK. Usually bullish, this movement did not produce a sustained rebound, and US Chainlink ETFs also showed signs of slowing down.