Chainlink
Why Chainlink is down 4.3% today
Analysis
Chainlink (LINK) fell 4.3% over the past 24 hours despite headlines that Charles Schwab plans to add Chainlink (alongside Solana and Avalanche) to its crypto trading platform, which may have been a “sell-the-news” reaction after the announcement circulated. Multiple outlets reported the planned Schwab listing, but the market still moved lower on the day as traders digested the update rather than bidding LINK higher.
Contributing Factors (3)
Charles Schwab to add Solana, Avalanche and Chainlink to crypto trading platform
Schwab Crypto began rolling out to clients in May with direct access to BTC and ETH trading and charges 75 basis points per transaction.
BREAKING: Charles Schwab to Add Solana, Avalanche and Chainlink to Crypto Offerings
$13 trillion Charles Schwab said Thursday it plans to offer Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) trading for clients in the coming months. The move expands Schwab Crypto offerings beyon...
Charles Schwab adda Solana, Avalanche and Chainlink to nascent crypto platform
The financial services giant plans to expand Schwab Crypto beyond Bitcoin and Ether just months after rolling out direct crypto trading to retail clients.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.