Chainlink LINK Surges 7% on Strategic Reserve Launch, Mirroring Institutional Accumulation
Chainlink's LINK token jumped 7% after the network announced plans to create a strategic reserve, demonstrating long-term commitment to ecosystem growth. The reserve will be funded through decentralized infrastructure revenue, with an initial $1 million already secured.
Traders viewed the MOVE as bullish, comparing it to institutional accumulation strategies. The reserve's design locks up LINK for extended periods, creating sustained demand pressure. Reserve growth will directly tie to network usage - similar to stock buyback programs in traditional finance.
The development follows speculation about LINK's potential inclusion in national crypto reserves. The market reaction highlights Chainlink's oracle infrastructure becoming essential Web3 infrastructure.