LINK Surges Over 13% in 24 Hours, Potentially Driven by LINK's Reserve Risk and On-Chain Inflows
BlockBeats News, August 17th, according to HTX market information, LINK surged over 13% in the past 24 hours, now priced at $24.9125.
Chainlink launched the "LINK Reserves Plan" at the beginning of August, converting on-chain oracle network revenue and off-chain enterprise service earnings proportionally into LINK token reserves. The current reserve size has surpassed one million dollars and will, in the long term, form a supply shock through a continuous buyback mechanism, enhancing the token's value capture ability.
Furthermore, in the last 30 days, LINK has seen a net on-chain inflow of 275,002 tokens ($6.65 million), while CEX reserves have dropped to an 18-month low. Whale holdings have increased from 37% in June to 42%, indicating that institutional-grade funds are accelerating their positions.
You may also like
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Why do cryptocurrency projects always like to change their names?
Who is footing the bill for the $64 billion accounting frenzy?
I never expected that the first application of AI x Crypto would be in security auditing
What is your view on Binance's competitive advantages?
ETH has entered a non-consensus phase, and the turning point is approaching!
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
