LINK Rallies as Much as 8% After Listing on Robinhood

It was the first time Robinhood has listed a new token since mid-April.

By Jamie Crawley

Jun 28, 2022 at 1:40 p.m. UTC

Updated Jun 28, 2022 at 3:49 p.m. UTC

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

Chainlink's LINK currency rallied by about 8% Tuesday following its listing on online brokerage platform Robinhood (HOOD).

LINK climbed from $6.70 at around 12:24 UTC on Tuesday as high as $7.18 at 12:37 UTC following the news appearing on Robinhood's listing page. LINK's price has since settled down to around $7.06.
Robinhood listed LINK, the native token of oracle application Chainlink, the first time the platform has listed new tokens since mid-April when it did so for compound (COMP), polygon (MATIC), solana (SOL) and shiba inu (SHIB).
The Robinhood listing may provide a much-indeed boost for LINK, which has fallen by over 40% from $9.49 to $5.57 during the middle part of June as the the broad sell-off in the crypto markets took hold.
Nasdaq-listed Robinhood itself enjoyed a spike in its share price Monday following reports that crypto exchange FTX was looking into a possible deal to acquire it.

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