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Chainlink buys back 92,800 LINK tokens worth $1.07M in two hours on Oct 29

Protocol Fundamentals
29 Oct 2026, 19:11 WIB
Tokenpost
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Bullish
Chainlink buys back 92,800 LINK tokens worth $1.07M in two hours on Oct 29

Chainlink conducted a buyback of approximately 92,800 LINK tokens over a two-hour period on October 29, with a total value around $1.07 million. This buyback amount exceeded the previous week's purchase by over 4,500 LINK tokens. Such buybacks can indicate confidence in the asset and potentially support its market price. Investors may watch for further buyback activity or related announcements from Chainlink.

Chainlink's market cap stands at Rp159.48 trillion as of Oct 29, 2026, 23:22 WIB, with a 24-hour trading volume of Rp5.3 trillion on Pluang. The token price rose 3.05% to Rp216,834, while the circulating supply is 748.1 million LINK, representing 75% of the total supply. Pluang order activity shows a majority of 65% selling against 35% buying, and the typical hold time is 63 days, providing context to the recent buyback news.

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