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Chainlink’s significant drop challenges its recovery

LINK fell 26% after the “Trump pump” excitement. The price had surged 21% with World Liberty Financial’s $1 million investment. However, the enthusiasm faded fast, causing LINK to currently trade around 22.8 USD.

Despite LINK’s struggles, long-term positives emerge: network addresses ROSE massively, and TVL surpassed 1 billion USD. Moreover, decentralization is evident as large holders’ control reduced from 70% to 48%, seen in retail investors now owning 32%.

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