Chainlink could face increased selling pressure as $100 million worth of LINK tokens hit exchanges

• Chainlink price has seen a 7% daily gain due to bullish catalysts like whale accumulation and recent partnerships.
• $100 million worth of Chainlink tokens hitting Binance is expected to have a negative impact on the price.
• The recent inflow of 70 million Chainlink tokens to exchanges is part of the scheduled token release.
• The supply of Chainlink on exchanges has increased with 18.75 million tokens hitting centralized exchanges, representing $100 million worth of tokens.
• Despite concerns about a sell-off, Chainlink price has rallied 7% in a day and 9.5% over the past week.

The article discusses both positive and negative factors affecting Chainlink's price. The positive factors include a daily gain, recent partnerships, and a price rally. The negative factors include a large influx of tokens to exchanges and concerns about a potential sell-off.