Express
LINK Surges Over 13% in 24 Hours, Potentially Driven by LINK Reserve Plan and On-Chain Inflows
Summary: According to HTX market information, LINK has surged over 13% in the past 24 hours, now priced at $24.9125. Chainlink launched the LINK Reserve Plan in early August, converting on-chain oracle network revenue and off-chain enterprise service earnings into LINK token reserves. The reserve size has surpassed one million dollars, with a continuous buyback mechanism ...
According to HTX market information, LINK has surged over 13% in the past 24 hours, now priced at $24.9125.
Chainlink launched the LINK Reserve Plan in early August, converting on-chain oracle network revenue and off-chain enterprise service earnings into LINK token reserves. The reserve size has surpassed one million dollars, with a continuous buyback mechanism planned to strengthen token value capture capabilities in the long term.
Additionally, LINK has seen a net inflow of 275,002 tokens (6.65 million dollars) in the past 30 days, with CEX reserves at an 18-month low. Whale holdings have increased from 37% in June to 42%, indicating institutional funds are accelerating their positions.
Tags:
Link: LINK Surges Over 13% in 24 Hours, Potentially Driven by LINK Reserve Plan and On-Chain Inflows [Copy]
