The Chainlink Reserve added another 94,500 $LINK on Nov 5, taking it to about 6.57M LINK, per CryptoTicker. That's roughly 447,400 LINK bought in 30 days, all paid for with fees from Chainlink's services. Yet one day of ETF outflows can cancel out about a week of that buying. US spot LINK ETFs lost $1.06M on Nov 6, and LINK sits near $10.30. How big does the Reserve need to get before it actually moves the price?
Altcoin BuzzShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.