Chainlink Just Quietly Bought Back $1.13M of Its Own Token, Again
Chainlink bought back 139,956 $LINK (~$1.13M), sourced through multiple CoWSwap swaps before consolidating into their reserve wallet. The reserve now holds 5.35M LINK (~$43.9M), average cost basis $11.19.
Context that matters here, this reserve started with barely 109K LINK when it launched a year ago and has been buying nonstop since, converting real DeFi and enterprise revenue directly into LINK, no withdrawals planned for years. It's not the only accumulation happening either, separate whale wallets have been stacking LINK from Coinbase in parallel over the past week.
#LINK #Chainlink #Buyback #SollyCrypto
Chainlink bought back 139,956 $LINK (~$1.13M), sourced through multiple CoWSwap swaps before consolidating into their reserve wallet. The reserve now holds 5.35M LINK (~$43.9M), average cost basis $11.19.
Context that matters here, this reserve started with barely 109K LINK when it launched a year ago and has been buying nonstop since, converting real DeFi and enterprise revenue directly into LINK, no withdrawals planned for years. It's not the only accumulation happening either, separate whale wallets have been stacking LINK from Coinbase in parallel over the past week.
#LINK #Chainlink #Buyback #SollyCrypto