🚀 Corporate buyback: Why did the Chainlink fund buy back its coins for $70,000,000, and how much did it earn?
A global on-chain audit of Chainlink Reserve treasury addresses revealed the rollout of a long-term plan. The project team is methodically tightening the treasury spigots, moving millions of tokens into cold storage.
• Tranche.
The project fund increased its position once again, purchasing an additional 89,200 $LINK worth Brief $1.11 million. In the past month alone, 431,900 tokens worth $5.41 million have been bought back.
• Reserves.
The total volume of repurchased coins reached 6.29 million LINK, at a cost of $70.76 million. The current value of the reserves is $78.3 million, bringing the developers $7.5 million in net profit.
$LINK
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#Chainlink #LINK #Buyback #SmartMoney #OnchainAnalysis #Bybit #BinanceSquare
A global on-chain audit of Chainlink Reserve treasury addresses revealed the rollout of a long-term plan. The project team is methodically tightening the treasury spigots, moving millions of tokens into cold storage.
• Tranche.
The project fund increased its position once again, purchasing an additional 89,200 $LINK worth Brief $1.11 million. In the past month alone, 431,900 tokens worth $5.41 million have been bought back.
• Reserves.
The total volume of repurchased coins reached 6.29 million LINK, at a cost of $70.76 million. The current value of the reserves is $78.3 million, bringing the developers $7.5 million in net profit.
$LINK
Subscribe to the channel—we break down big-money maneuvers without boring theory or market illusions! 🚀
#Chainlink #LINK #Buyback #SmartMoney #OnchainAnalysis #Bybit #BinanceSquare