Chainlink
Why Chainlink is down 1.2% in the last hour
Analysis
Chainlink (LINK) slipped 1.2% over the past hour amid a muted reaction to broader crypto infrastructure news rather than LINK-specific catalysts. CoinDesk reported Standard Chartered is offering RLUSD custody in Dubai and planning a collateral link with LMAX, which may have shifted short-term attention and flows toward stablecoin/custody narratives instead of oracle tokens 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.