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Chainlink Plunges 21% Despite Massive Withdrawals, Raising Concerns

Chainlink Plunges 21% Despite Massive Withdrawals, Raising Concerns


13h18 ▪
5
min read ▪ by
Lydie M.

Summarize this article with:

Chainlink (LINK) loses 20.8% since early October despite a decrease in reserves on crypto platforms. Binance records 18 consecutive days of net token outflows, while reserves tracked by CryptoQuant have dropped to 124.2 million LINK. Usually considered bullish, this movement does not produce any sustained rebound. US Chainlink ETFs also show signs of slowing down.

Crypto: Chainlink Plunges as Exchange Reserves DeclineCrypto: Chainlink Plunges as Exchange Reserves Decline

In brief

  • Chainlink declines 20.8% in October despite 18 days of net withdrawals on Binance.
  • …

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