Chainlink Adds $1.12M Worth of LINK Tokens to Reserve

Chainlink, an oracle infrastructure provider, has executed another buyback of LINK tokens for its reserve. The purchase totals $1.12 million and includes 127.74K LINK tokens.

The tokens have been added to Chainlink's reserve wallet, bringing the total holdings to 5.48M LINK valued at $48.5 million with an average acquisition price of $11.14.

Chainlink's LINK token is currently trading on the 4-hour chart within a bullish trend structure supported by key moving averages (EMAs) and technical indicators, including a golden cross on the MACD indicator.

Senior desks note that sustained pressure against the upper Bollinger Band resistance often precedes a measured pullback toward the 50-EMA support before any continuation higher. This setup could shape near-term LINK price prediction models.