Chainlink (LINK) drops 12.75% to $8.01 as Feb 5, 2026 ETF inflows reach $1.18M

LINK fell 12.75% in the past 24 hours to $8.01, while trading volume rose 76% to $2.02 billion. On February 5, 2026, U.S. spot LINK ETFs saw $1.18 million of net inflows, according to SoSoValue, and exchange reserves declined by 537,020 LINK, per CryptoQuant. Price is testing $7.20 after losing the $8.35 support held since October 2023.