Bullish
Chainlink Buys Back 127,740 LINK Tokens Worth $1.12M
11:31
Chainlink repurchased 127,740 LINK for $1.12M, moving assets to reserve. Total holdings now stand at 5.48M LINK valued at $48.5M.
Woofun AI reports that Chainlink executed a buyback of 127,740 LINK tokens, valued at approximately $1.12 million, and transferred the assets to its reserve wallet. The reserve currently holds 5.48 million LINK, totaling around $48.5 million, with an average acquisition cost of $11.14 per token.
WOOFUN AI
Impact Assessment · Quick Read
This buyback reduces circulating supply while increasing treasury reserves, signaling continued corporate confidence in LINK's long-term value. The average cost basis of $11.14 provides a reference point for internal valuation metrics. Accumulation of this scale may support price stability if market sentiment remains neutral.
Generated by WOOFUN AI · For reference only, not investment advice
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