ChainLink officially launched a reserve dedicated to Link, which has already attracted the equivalent of $ 1 million in chips in just a few days. Fucked by on-chain and off-chain income from the project, this reserve aims to strengthen the network's growth, security and sustainability of the network.
In short
- ChainLink launched a link reserve funded by the protocol income, having accumulated $ 1 million in its first days, without a sales project.
- Whale portfolios acquired 0.67 % of Link's offer in early August, or about $ 85 million.
- The reserves on the exchange platforms fell 33 m link, signaling a lower sales pressure.
A strategy aligned with a substantive trend
According to the announcement published Thursday, it is a long -term strategic movement, without intention to sell the accumulated link. These tokens are thus withdrawn from traffic for an indefinite period, creating what analysts describe as a “negative tender”, a phenomenon likely to increase rarity and, potentially, to support prices.
This Chainlink decision is part of a broader trend Crypto cash management. While regulatory clarity around digital assets is improving, more and more companies add cryptocurrencies to their reserves. If companies like Microstrategy have chosen Bitcoin for their business cash, Chainlink applies a similar approach with his native token, Link, so that this reserve serves directly to strengthen the protocol rather than fueling simple speculation.
Whales accumulate millions in link
The launch of the reserve coincides with a significant accumulation of Link by large holders. Santiment-chain data reveals that the number of portfolios holding between 100,000 and 1,000,000 Link increased by 4.2 % in August, reaching 670 addresses. Together, these portfolios added 0.67 % of Link's total supply, or about $ 85 million at current prices.
This accumulation reflects reinforced confidence in the long -term potential of the project, especially since the creation of the reserve further reduces the offer available on the market.
Decrease reserves on exchange platforms
The cryptocurrency data confirm this upward dynamic. Link's sales on centralized exchanges increased from 180 million to 147 million tokens, a decrease of 33 million. Such a decline generally indicates that fewer investors are ready to sell in the short term, thus reducing potential selling pressure.
If this trend is in parallel with the growth of the reserve, Link could experience an extended period of contraction of the supply, a factor which, historically, supports a bullish momentum when demand remains stable or progresses.
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