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Chainlink Moves $1.1M in LINK to Buyback Reserve, Bolstering Token Economics

BitcoinWorld Chainlink Moves $1.1M in LINK to Buyback Reserve, Bolstering Token Economics Chainlink, a leading decentralized oracle network, has executed another buyback of its native LINK token, transferring 127,740 LINK—worth approximately $1.12 million—to a dedicated reserve wallet.

The transaction, reported by blockchain tracker Onchain Lens, brings the reserve’s total holdings to 5.48 million LINK, valued at roughly $48.5 million at current prices. The average acquisition cost for these tokens stands at $11.14 per LINK.

What This Means for LINK Holders This buyback is part of Chainlink’s ongoing strategy to manage its token supply and demonstrate confidence in the network’s long-term value.

By accumulating LINK in a reserve, the project effectively reduces circulating supply, which can support price stability and signal commitment to token holders.

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