As reported by Biji.com, Chainlink (LINK) faced market sell-off pressure in November, with its price dropping 50% from the previous quarter's peak. However, Grayscale and analysts remain bullish on its long-term potential. Grayscale, one of the largest digital asset investment firms, recently published a report highlighting Chainlink's role as a critical infrastructure layer for DeFi and asset tokenization. The firm also filed an application for a spot LINK ETF (GLNK) with the SEC, expected to launch on December 2, 2025. CoinGlass data shows Grayscale's LINK holdings exceeded 1.3 million tokens as of November 2025, a fourfold increase over the past two years. Meanwhile, LINK's exchange supply ratio hit a historic low of 0.13, indicating reduced selling pressure and increased long-term holding activity.
Grayscale's LINK Holdings Hit New High in November Despite Price Drop
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