Chainlink
Why Chainlink is down 1.2% in the last hour
Analysis
Chainlink (LINK) slipped about 1.2% over the past hour as ETF-related selling pressure weighed on sentiment after reports that Grayscale executives and its parent firm trimmed holdings in XRP, Solana, and Chainlink ETFs. While Chainlink also saw a constructive headline about Wemade tapping Chainlink for Korean won stablecoin infrastructure, the market reaction in the last hour appears to have been dominated by the ETF flows/position-reduction narrative.
Contributing Factors (2)
Wemade taps Chainlink for Korean won stablecoin infrastructure
Wemade added Chainlink to its Korean won stablecoin alliance to strengthen oracle and data infrastructure as South Korea debates stablecoin regulation.
Grayscale Executives, Parent Firm Trim Holdings in XRP, Solana, & Chainlink ETFs
Executives from crypto asset management company Grayscale and its parent Digital Currency Group (DCG) and related investment firm have sold shares in XRP, Solana, and Chainlink ETFs. The selloffs occu...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.