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Crypto

Chainlink Adds 97.5K LINK to Strategic Reserve for $1.1M

Guavy AI Editorial Team
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LINK
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Chainlink has made another significant purchase of its native token, LINK. The company acquired approximately 97.5K LINK for around $1.1M, bringing the total in its strategic reserve to 480.7K LINK valued at $5.5M over a 30-day period.

The total holdings of Chainlink's treasury now stand at 5.96M LINK, worth around $68.71M based on the current market price of $11.75 per token.

Market analysts suggest that the confluence of technical indicators, including the Bollinger Bands and Moving Averages, points to a potential retracement in the short term before any further upward momentum.

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