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US government moves seized Chainlink tokens to Coinbase Prime, sparking but likely overstated sell-off fears.

Market News
10 Jun 2026
Tokenpost
View Source
Neutral
pluang ai news

The US government transferred nearly 99,000 seized Chainlink (LINK) tokens worth about $768,000 to Coinbase Prime, raising speculation about a possible sale. These tokens were confiscated after the FTX and Alameda collapse and are managed by the US Marshals Service through Coinbase Prime. Despite concerns, the amount is less than 0.4% of LINK's daily trading volume, suggesting minimal market impact. Analysts believe any sale would be structured, not a sudden dump, and institutional demand could absorb extra supply, so major price effects are unlikely for now.

More News (LINK)

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