1.26 million LINK ($10.3 million) was withdrawn from exchanges over the past 24 hours, the largest amount since June 29, according to Santiment. Exchange withdrawals are typically for holding purposes and are interpreted as a decrease in selling pressure. Santiment explained, "The US Depository Trust & Clearing Corporation (DTCC) included Chainlink as one of its technology providers last month, initiating related processing, and institutional networks like Canton (CC) and Robinhood Chain are expanding their support for Chainlink CCIP. The timing of these exchange withdrawals is significant."
