Chainlink Plunges: Oracle Update Glitch Sparks Over $532,000 Losses

Chainlink (LINK) has suffered a significant price drop following an oracle update glitch that resulted in losses exceeding $532,000 within just three minutes. The incident caused the altcoin’s price to plummet by 7.77% over the course of a day, reaching a low of $14.54. This situation has raised concerns about the future of Chainlink, a leading player in the oracle space, particularly as investors scrutinize on-chain data and liquidation maps for clues.