Chainlink LINK Price Drops 7.77% Following Oracle Glitch

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Chainlink LINK Price Drops 7.77% Following Oracle Glitch – Recovery in Sight?

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2025-05-30 08:44:12

Chainlink LINK News -

Chainlink, a leading blockchain oracle provider, is under scrutiny after a technical glitch caused $532,000 in user losses within three minutes. The incident triggered a 7.77% price drop, with LINK currently trading at $14.54.

Liquidation heatmaps indicate a shift from long to short positions, suggesting potential for a short squeeze. Analysts note such conditions often precede rebounds if key support levels hold.

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