Grayscale Chainlink ETF Hits $8.37M in Accumulated LINK This Month

Grayscale's Chainlink ETF has continued to accumulate LINK tokens in recent days. In its latest purchase, the fund acquired an additional 159,480 LINK worth $2.36 million from Coinbase Prime.

This latest acquisition brings the total amount of LINK purchased by Grayscale this month to over 629,100, with a total value of approximately $8.37 million at current prices.

The purchase price was $14.51 per token, which is above the EMA50 support level at $13.85 and the EMA200 at $12.31. However, the MACD death cross at 0.31 indicates fading momentum in the asset's price movement.