Some crypto traders appear to be withdrawing LINK en masse ahead of Tuesday's early access to Chainlink's new staking program, according to Nansen data. reports
, “Staking provides Chainlink ecosystem participants with the opportunity to earn rewards for increasing the security guarantees and user assurances of oracle services by backing them with staked LINK tokens.”
“Smart Money” net flow to exchanges for LINK in the past seven days is down nearly 67,000 tokens , which means LINK withdrawals exceed deposits, according to Nansen. The number of LINK holdings on the Binance exchange has dropped by 7.1 million tokens over the period. The, Kraken, OKX, Coinbase and Gemini exchanges' combined balance of LINK decreased by roughly 951,000 tokens.
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