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 ￰0￱ marked one of the project’s largest token transfers in four ￰1￱ News: Cardano (ADA) Founder Charles Hoskinson Takes Another Jab at Ethereum 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. Chart showing the decline in LINK ￰2￱ in 2017, Chainlink stands out as an industry-standard oracle platform providing data to a large portion of the decentralized finance (DeFi) ￰3￱ project aims to capitalize on trends such as stablecoin adoption, tokenization of real-world assets (RWA), and enterprise blockchain ￰4￱ LINK token is used to pay for services on the Chainlink network and maintain network security. *This is not investment ￰5￱ Reading: Developers of an Altcoin Dumped Large Amounts of Tokens on Exchanges During Yesterday’s Drop