Chainlink Institutional Demand Remains Strong Amid Price Retraction

Chainlink's institutional demand remains strong as Grayscale and Bitwise accumulate over 1.4 million tokens, valued at approximately $12.12 million and $1.91 million respectively.

The accumulation activity by these institutions reinforces the narrative of sustained interest in Chainlink despite a recent price retracement.

In addition to institutional purchases, Chainlink's strategic reserve has also added 91,100 tokens, valued at around $1.06 million, bringing its total holdings to 5.86 million tokens, worth nearly $67.24 million.

The recent ETF activity has also strengthened the broader demand outlook, with Chainlink ETFs attracting $4.27 million in investor capital during the latest session, and weekly ETF inflows reaching $5.36 million.