In the past week, the cryptocurrency market has faced significant bearish pressure, leading to a roughly 10% drop in Chainlink (LINK) prices. Notably, 19 million LINK tokens were moved to exchanges, potentially increasing selling pressure. This transfer includes 21 million tokens unlocked and sent to Binance. If this trend continues, LINK could drop to the $12 range. Despite the decline, Chainlink remains one of the top 20 cryptocurrencies with a market cap of over $8.27 billion.

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