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Chainlink holds 22.7M LINK locked, shrinking tradable supply and causing bigger price swings.

Market News
22 Oct 2026
CryptoTicker
View Source
Neutral
Chainlink holds 22.7M LINK locked, shrinking tradable supply and causing bigger price swings.

Chainlink's Q3 report reveals 22.7 million LINK tokens, worth about $271 million, are locked in the project's reserve and two US funds, reducing the freely tradable supply to about 3% of circulating LINK. This locked supply doesn't exert selling pressure but thins the order book, leading to larger price swings despite daily trading volumes near $240 million. The price dropped about 6% to $11.93 on October 22, reflecting a thin market rather than a sell-off. Investors should check spreads and volumes carefully before trading, as the locked holdings influence price volatility but do not predict direction.

Chainlink's locked LINK tokens contribute to a thinner market, which aligns with the price drop and volatility noted in the news. On Pluang, LINK trades at Rp214.327, down 7.01% as of Oct 23, 2026 01:32 WIB, with a market cap of Rp161,08T and a 24-hour trading volume of Rp4,56T. The platform shows strong buying interest, with 96% of order activity on the buy side and typical holding periods around 63 days.

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