Chainlink Reserves Dwindle on Exchanges: What’s Next for LINK Price?

Exchange reserves for Chainlink hit concerning lows—just as the crypto market enters its most volatile season.

Where Did All the LINK Go?

Traders are pulling Chainlink tokens off exchanges at an accelerated pace. That $6 million wallet hack in Australia? Just another reminder why cold storage beats hot wallets every time.

Supply Shock Imminent?

Fewer tokens on exchanges typically means one thing: reduced selling pressure. But whether that translates to higher prices depends on whether institutional players actually believe in oracle networks—or just like the pretty charts.

Chainlink's make-or-break moment approaches as exchange reserves evaporate. Because nothing says 'healthy market' like watching whales play musical chairs with digital assets worth millions.

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Roblox posted a diluted loss of $0.37 per share, narrower than the consensus loss of $0.49 per share. Revenue climbed 48% year-over-year to $1.36 billion.

Details of Roblox’s Q3 Results

On a positive note, bookings ROSE 70% year-over-year to $1.92 billion, exceeding expectations of $1.69 billion. Because Roblox recognizes about 80% of its revenue over 27 months, analysts prefer to track bookings, the total value of sales, to better gauge the company’s performance. 

Moreover, average daily active users (DAUs) reached 151.5 million, up 70% from a year ago, surpassing the 150 million mark for the first time. Hours engaged on the platform have consistently increased, supported by a new slate of hit releases, including Grow A Garden and Steal a Brainrot. For Q3, Hours Engaged grew 91% year-over-year to 39.6 billion.

Roblox Lifts Q4 and FY25 Outlook

Building on its current momentum, Roblox has raised its guidance for the fourth quarter and full fiscal year 2025.

For Q4, Roblox now expects revenue between $1.35 billion and $1.4 billion, while bookings are projected to range from $2 billion to $2.05 billion, exceeding the consensus estimate of $1.83 billion.

For fiscal 2025, revenue is forecast between $4.826 billion and $4.876 billion. Full year bookings are projected between $6.566 billion and $6.616 billion, above the consensus of $6.16 billion.

Is RBLX Stock a Buy, Hold, or Sell?

Ahead of the Q3 results, analysts remained divided on Roblox’s long-term outlook. On TipRanks, RBLX stock has a Moderate Buy consensus rating based on 16 Buys, six Holds, and one Sell rating. The average Roblox price target of $152.36 implies 13.9% upside potential from current levels. Year-to-date, RBLX stock has surged 131%.