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Chainlink holds key support after 98,590 LINK transfer to Coinbase Prime
A U.S. government-linked wallet moved 98,590 LINK (about $768,000) to Coinbase Prime, reviving concerns about possible sell-side distribution even as LINK held support. LINK was trading near $7.78 after bouncing from around $7.34, while Binance positioning stayed long-heavy with a 2.61 long/short ratio and 72.31% of accounts long. Shorts absorbed most liquidation pressure in the latest session, with roughly $57,270 in short liquidations versus about $5,040 for longs.
LINK
LINK+8.30%
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5-31
Monero (XMR) jumps 15.24% as volume hits $284.45M and price tests $418.77
Monero (XMR) rose 15.24% in the last 24 hours as buying activity increased, with trading volume up 45.33% to $284.45 million and market cap up 15.03% to $7.55 billion. Price rebounded after holding $353.43 support and traded near $410 while pressing the $418.77 resistance area. A sustained close above $418.77 could open a move toward the $450 region and potentially $500, while failure to break may keep XMR range-bound.
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