According to @OnchainLens, a whale withdrew 211,346 LINK worth about 5.3 million dollars from Binance and now holds 932,640 LINK worth about 23.55 million dollars accumulated over the past three days at address 0x4ebdca21913c4f32f533b28955485908de73d5af. Source: OnchainLens. Large exchange outflows are commonly associated with coins moving to self-custody and reduced immediate sell-side liquidity in aggregate exchange balances. Source: Glassnode. For trading, monitor this address for any subsequent LINK transfers back to exchanges and track LINK exchange balances and Binance spot order book depth to assess potential supply-side changes. Source: OnchainLens and Glassnode.

According to Miles Deutscher, users are staking LINK to secure the network and earn an approximately 4.32% yield, which he states acts as a persistent supply sink that removes tokens from the open market (source: Miles Deutscher on X, Aug 13, 2025). He highlights that this locks a portion of LINK out of immediate circulation, a factor relevant to market liquidity and available float for traders (source: Miles Deutscher on X, Aug 13, 2025).