The post Chainlink (LINK) Price Crashes 7.5%, Another 15% Drop Ahead? appeared first on Coinpedia Fintech News
The overall cryptocurrency market appears bearish. Amid this, some investors saw an opportunity and accumulated tokens, while others panicked and sold their holdings.
610,000 LINK Sent to Exchanges
Recently, a prominent crypto expert shared a post on X (formerly Twitter), revealing that crypto whales have moved nearly 610,000 Chainlink (LINK) tokens to exchanges in the past 24 hours, signaling increased selling pressure.
610,000 #Chainlink $LINK have been moved to crypto exchanges in the past 24 hours, signaling increased selling pressure! pic.twitter.com/9f9bLYUXtK
— Ali (@ali_charts) February 25, 2025
Current Price Momentum
This substantial transfer of LINK tokens led to a notable price drop. At press time, LINK is trading near $15, having declined by over 7.50% in the past 24 hours. However, during the same period, its trading volume surged by 160%, indicating increased participation from traders and investors compared to the previous day.
The surge in trading volume is likely due
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