Why Cardano, Chainlink, and Cronos Are Slumping Today
Most cryptocurrencies are trading lower Wednesday, with Cardano (CRYPTO: ADA), Chainlink (CRYPTO: LINK), and Cronos (CRYPTO: CRO) among the biggest large-cap decliners. As of 1:15 p.m. ET, those tokens had declined 3.7%, 5%, and 6.8%, respectively, over the prior 24 hours. Most of Wednesday's price action with respect to these tokens appears to be related to the ongoing fallout from the collapse of FTX.