🔷 Crypto X-ray #33: $LINK - reserve of 6.5 million tokens, but no burn
Oracle network and CCIP. Price ~$10.90, market cap ~$8.16B, FDV ~$10.9B.
Payment Abstraction can convert payments for services into LINK, and the Reserve has accumulated 6,475,076 LINK (~$70.6M, +427,577 in October). But this is a smart contract: no burn and no dividends.
Who's in: there's a CLNK ETF. The v0.2 staking cap is 45 million LINK (~6% of circulating supply).
Aggregators disagree on the circulating supply (748 vs. ~770 million); the figures are tied to a single source.
The connection to the business is clearer than with many tokens. I'm watching to see whether accumulation outpaces issuance. Ready for −30% (~$7.6). Not for those expecting payouts.
Do you believe in the Reserve, or think supply will outweigh it? 👇
#CryptoRay #LINK
Oracle network and CCIP. Price ~$10.90, market cap ~$8.16B, FDV ~$10.9B.
Payment Abstraction can convert payments for services into LINK, and the Reserve has accumulated 6,475,076 LINK (~$70.6M, +427,577 in October). But this is a smart contract: no burn and no dividends.
Who's in: there's a CLNK ETF. The v0.2 staking cap is 45 million LINK (~6% of circulating supply).
Aggregators disagree on the circulating supply (748 vs. ~770 million); the figures are tied to a single source.
The connection to the business is clearer than with many tokens. I'm watching to see whether accumulation outpaces issuance. Ready for −30% (~$7.6). Not for those expecting payouts.
Do you believe in the Reserve, or think supply will outweigh it? 👇
#CryptoRay #LINK
