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Chainlink Drops 3.4% in One Hour to $14.30 as Long Liquidations Hit $140,000

LINK was up 1.68% over 24 hours at 10:42 a.m. ET, despite the sharp hourly decline.

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Steel links beside a sharply descending red market line / TokenPost.ai
Steel links beside a sharply descending red market line / TokenPost.ai

Chainlink (LINK) fell from $14.80 to $14.30 in one hour, a 3.38% drop recorded at 10:42 a.m. ET (14:42 UTC) on Sept. 28, as the token posted a sharp short-term decline despite remaining higher over 24 hours.

The price was measured on Binance’s LINK/USDT spot market. LINK was up 1.68% from its level 24 hours earlier, while its market capitalization stood at about $11.0616 billion, ranking it 13th among crypto assets by market value.

Long liquidations totaled $140,000 across Binance, Bybit and OKX during the same hour. Short liquidations totaled $0.00.

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