Chainlink
Why Chainlink is down 1.1% in the last hour
Analysis
Chainlink (LINK) slipped 1.1% over the past hour despite a supportive integration headline, suggesting the market didn’t treat the news as an immediate price catalyst. Cointelegraph reported that Chainlink data feeds went live for Ondo’s tokenized US stocks on Ethereum, but the short-term move indicates LINK still traded lower in the near term even with that adoption update.
Contributing Factors (1)
Chainlink feeds go live for Ondo tokenized US stocks on Ethereum
Price feeds for SPYon, QQQon and TSLAon are now live on Ethereum, allowing the Ondo-issued tokenized equities to be used as collateral in DeFi lending markets.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.