Chainlink Surges By Over 25% as 16 Million LINK Tokens Transferred To Binance Exchange

LINK's price seems to be dropping as it continues to struggle to stay over the $18 mark. Although it is anticipated that this slowdown will pass quickly, the price of Chainlink is still stalling. The most recent on-chain disclosure has provided light on the reasons behind the bearish pressure on the price of LINK. Data from CoinGecko indicates that within the previous 7 days, Chainlink (LINK) price increased by a noteworthy 25%. The crypto analytics company SpotOnChain revealed that three of Chainlink's non-circulating supply contracts have recently released 19 million tokens, valued at about $341 million, in a post on X.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android