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Seeking Alpha 2022-06-28 16:06:02

Chainlink tokens perk up as much as 8% after Robinhood listing

Chainlink (LINK-USD) coins rose as much as 8% earlier on Tuesday's session after its listing on Robinhood Markets' (NASDAQ:HOOD) trading platform. At around 4:30 a.m. ET, LINK, native crypto of decentralized oracle network Chainlink, climbed around 8% to an intraday high of $7.20 before erasing all those gains heading into noon, recently changing hands at $6.53. Nevertheless, LINK is off over 70% YTD amid a broader selloff in cryptos. The move marks the first time Robinhood (HOOD) has listed a crypto since April 12 when it included compound (COMP-USD), polygon (MATIC-USD), solana (SOL-USD) and shiba inu (SHIB-USD) in its crypto offerings. Previously, (January 12) shiba inu climbed 17% on Robinhood listing rumor.

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