Chainlink
Why Chainlink is down 10.6% today
Analysis
Chainlink (LINK) fell 10.6% over the past 24 hours as traders likely reacted to uncertainty around derivatives-driven positioning after AMBCrypto reported that CME is set to support Chainlink (alongside Cardano and Stellar). While the development could be constructive longer-term, the news may have prompted short-term risk-off selling or profit-taking as the market digested potential changes in institutional access and liquidity.
Contributing Factors (1)
CME to support Cardano, Chainlink, and Stellar – Potential impact on altcoins?Â
ADA whales scaled up accumulation while LINK holders weren't selling aggressively
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.