Chainlink
Why Chainlink is down 1.6% in the last hour
Analysis
Chainlink (LINK) slipped 1.6% over the past hour as broader market attention shifted to institutional stablecoin and custody developments rather than LINK-specific catalysts. CoinDesk reported that Standard Chartered is offering RLUSD custody in Dubai and planning a collateral link with LMAX, a headline that may have redirected near-term flows toward stablecoin/custody narratives and away from altcoins like LINK.
Contributing Factors (1)
Standard Chartered offers RLUSD custody in Dubai and plans LMAX collateral link
Ripple previously gave LMAX $150 million in financing to integrate RLUSD into its institutional infrastructure.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.