Chainlink’s official reserve has added more $LINK : it bought 89,200 tokens on October 15, worth about $1.11 million (TokenPost, report dated 10-16).
Bottom line: This looks more like inventory management than a signal to prop up the price. The real point isn’t that it “bought again,” but how the purchase size compares with trading volume—as of October 18, the reserve’s average daily buying amounted to less than one-thousandth of daily trading volume.
1. Reserve size: After the latest addition, the reserve holds 6.29 million $LINK , worth about $75.5 million (BSCNews, report dated 10-19), with a total investment of about $70.76 million (TokenPost). Over the past 30 days, it bought a total of 431,900 tokens, worth about $5.41 million. Since 2025, the reserve has not sold a single token (coingabbar, October 19 top stories).
2. How small is the buying? LINK was trading at about $11.76 on the afternoon of October 18 (biggo data). At that price, the reserve’s average daily purchases over the past 30 days were about 14,400 tokens, worth roughly $169,000. Meanwhile, $LINK ’s daily trading volume over the same period was about $248 million—so the buying accounted for roughly 0.07%. A fixed daily buy of $169,000 can’t move a market worth $248 million.
3. The market’s reaction confirms this, too: Since October 15, three major pieces of positive news have landed in quick succession (Stellar integrating Chainlink data feeds, the reserve adding to its holdings, and ACE launching in Japan), yet LINK has slipped from about $12.13 to $11.76. It remains about 77.7% below its all-time high of $52.70 (byteseu, analysis dated 10-19).
Outlook: The reserve’s policy is to buy, not sell, and to hold for years. Its actual effect on price is to gradually reduce the circulating supply, not to cause a short-term spike. For traders, rather than tracking the reserve’s weekly purchases, it may be better to watch whether oracle business revenue continues to grow—after all, the reserve’s funds also come from protocol revenue.
#Chainlink #LINK
These are solely my personal views and do not constitute investment advice.
Bottom line: This looks more like inventory management than a signal to prop up the price. The real point isn’t that it “bought again,” but how the purchase size compares with trading volume—as of October 18, the reserve’s average daily buying amounted to less than one-thousandth of daily trading volume.
1. Reserve size: After the latest addition, the reserve holds 6.29 million $LINK , worth about $75.5 million (BSCNews, report dated 10-19), with a total investment of about $70.76 million (TokenPost). Over the past 30 days, it bought a total of 431,900 tokens, worth about $5.41 million. Since 2025, the reserve has not sold a single token (coingabbar, October 19 top stories).
2. How small is the buying? LINK was trading at about $11.76 on the afternoon of October 18 (biggo data). At that price, the reserve’s average daily purchases over the past 30 days were about 14,400 tokens, worth roughly $169,000. Meanwhile, $LINK ’s daily trading volume over the same period was about $248 million—so the buying accounted for roughly 0.07%. A fixed daily buy of $169,000 can’t move a market worth $248 million.
3. The market’s reaction confirms this, too: Since October 15, three major pieces of positive news have landed in quick succession (Stellar integrating Chainlink data feeds, the reserve adding to its holdings, and ACE launching in Japan), yet LINK has slipped from about $12.13 to $11.76. It remains about 77.7% below its all-time high of $52.70 (byteseu, analysis dated 10-19).
Outlook: The reserve’s policy is to buy, not sell, and to hold for years. Its actual effect on price is to gradually reduce the circulating supply, not to cause a short-term spike. For traders, rather than tracking the reserve’s weekly purchases, it may be better to watch whether oracle business revenue continues to grow—after all, the reserve’s funds also come from protocol revenue.
#Chainlink #LINK
These are solely my personal views and do not constitute investment advice.