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 move in LINK still trended lower in the short timeframe, consistent with a muted reaction or broader market selling pressure overwhelming the announcement.
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.