Developers of an Altcoin Dumped Large Amounts of Tokens on Exchanges During Yesterday’s Drop
Amidst the sharp decline in the cryptocurrency market following Donald Trump's announcement of 100% tariffs on China, a notable development occurred on the Chainlink (LINK) side.
Chainlink’s uncirculated supply wallet deposited 18.75 million LINK (approximately $387 million) worth of tokens to Binance after unlocking them today, according to on-chain data. This marked one of the project’s largest token transfers in four months.
The transfer coincided with a general market decline, with the price of LINK falling by 21.14% in the last 24 hours to $17.59.
Founded in 2017, Chainlink stands out as an industry-standard oracle platform providing data to a large portion of the decentralized finance (DeFi) ecosystem. The project aims to capitalize on trends such as stablecoin adoption, tokenization of real-world assets (RWA), and enterprise blockchain integrations. The LINK token is used to pay for services on the Chainlink network and maintain network security.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A detailed overview of technology layoffs in 2025
PENGU Price Forecast for 2025: Steering Through Regulatory Challenges and Growing Institutional Confidence
- Pudgy Penguins (PENGU) faces regulatory uncertainty from SEC delays and EU MiCA, causing 30% price drops due to compliance risks. - Institutional interest grows with $273K whale accumulation and rising OBV, contrasting retail fear (Fear & Greed Index at 28). - Ecosystem expansion via Pudgy World and penguSOL, plus Bitso partnership, aims to boost utility but depends on user adoption and regulation. - Expert forecasts diverge: $0.02782 (CoinCodex) vs. $0.068 (CoinDCX), with technical analysis highlighting
PENGU USDT Selling Indicator and What It Means for Stablecoin Approaches
- PENGU/USDT's 2025 collapse triggered $128M liquidity shortfall, exposing systemic risks in algorithmic stablecoins. - Technical indicators (RSI 40.8, bearish MACD) and 52.55% 30-day price drop signal deepening market distrust. - Regulatory frameworks (GENIUS Act, MiCA) and AI-driven risk analytics emerge as critical responses to algorithmic vulnerabilities. - Experts urge hybrid models combining CBDC stability with AI governance to address algorithmic stablecoins' inherent fragility.
Hyperliquid (HYPE) Token: Analyzing the Drivers and Longevity Behind Its Latest Price Rally
- Hyperliquid's HYPE token surged to $42.03 in 2025 from $3.20, driven by product upgrades (HyperEVM, HyperCore) and institutional adoption. - Strategic partnerships with Anchorage Digital and Circle , plus regulatory compliance, boosted credibility and decentralized trading volume (73% market share by 2025). - Bitcoin's $123k high in July 2025 correlated with HYPE's peak, reflecting broader crypto market optimism for low-fee decentralized futures infrastructure. - Sustainability risks include token unlock
Trending news
MoreCrypto prices
More
