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Chainlink Reserve buys 89,200 LINK, holding 6.29M LINK worth $78.3M, but daily trading volume dwarfs monthly purchases.

Protocol Fundamentals
16 Oct 2026
CryptoTicker
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Neutral
Chainlink Reserve buys 89,200 LINK, holding 6.29M LINK worth $78.3M, but daily trading volume dwarfs monthly purchases.

On October 15, the Chainlink Reserve purchased 89,200 LINK tokens, increasing its total holding to about 6.29 million LINK valued at approximately $78.3 million. Despite this steady accumulation, the daily trading volume of LINK, around $330 million, far exceeds the monthly purchase amount of about $5.41 million, meaning the reserve's buying has limited immediate impact on price. The reserve acts as a long-term holder, taking tokens off the market without plans to sell for several years, reflecting ongoing demand for Chainlink services rather than price manipulation. Investors should note that trading activity still primarily drives LINK's price fluctuations, with the reserve's influence growing only over extended periods.

Chainlink's LINK token is currently priced at Rp219,449 on Pluang, showing a 2.16% decline in the last day. Trading volume remains robust at Rp4.31 trillion, with most orders being sell orders at 89%, as of Oct 17, 2026 01:51 WIB.

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