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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.


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