Chainlink
Why Chainlink is down 12.2% today
Analysis
Chainlink (LINK) fell 12.2% over the past 24 hours as traders appeared to “sell the news” following a headline about CME potentially supporting Chainlink alongside Cardano and Stellar, which may have prompted short-term profit-taking rather than immediate follow-through buying. AMBCrypto highlighted the CME support narrative and its potential impact on altcoins, but the market reaction in LINK skewed negative during the period.
Contributing Factors (1)
CME to support Cardano, Chainlink, and Stellar – Potential impact on altcoins?
ADA whales scaled up accumulation while LINK holders weren't selling aggressively
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.