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Chainlink supply on exchanges shoots up, LINK holders realize over $150 million in profits

Chainlink (LINK) supply on exchanges climbed to 230.43 million on June 21, a massive spike in a 24 hour period. Typically, an increase in the asset’s supply has a negative impact on price as it increases the selling pressure.

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Headline:
Chainlink supply on exchanges shoots up, LINK holders realize over $150 million in profits

Short description:
Chainlink (LINK) supply on exchanges climbed to 230.43 million on June 21, a massive spike in a 24 hour period. Typically, an increase in the asset’s supply has a negative impact on price as it increases the selling pressure.

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Posted on Saturday, June 22, 2024.

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Chainlink connects existing systems to any public or private blockchain and enables secure cross-chain communication. World-class developer experience.

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