LINK Slides 15% From August Peak Even as Chainlink Reserve Removes $5.5M From Circulation

LINK, the native token of oracle service Chainlink has been under pressure recently as a number of positive headlines failed to break the decline.The token slid another 2.8% over the past 24 hours to $22.4 while the broader market, as measured by the CoinDesk 20 Index was little changed, CoinDesk data shows. It's trading 15% lower since topping $27 on Aug. 22, despite being tapped by the U.S. government to publish economic data on the blockchain and Bitwise filing for a LINK exchange-traded fund (ETF). The cool-off period follows a rally that saw the token booking a 37% gain in August, one of the strongest advances among major cryptos. It also coincides with bitcoin (BTC), ether (ETH) and the broader…