Chainlink LINK Soars 17% Weekly as Strategic Reserve Announcement Fuels Bullish Momentum

Chainlink's native token LINK continues its bullish momentum, trading above $18.50 after a 17% weekly gain. The rally follows Thursday's announcement of chainlink Reserve - an on-chain treasury that's already accumulated 65,500 LINK ($1.16 million) from enterprise revenue conversions.

Market sentiment appears strongly positive, with derivatives data and technical indicators suggesting potential upside toward $22. The protocol emphasized long-term commitment, stating Reserve withdrawals won't occur for "multiple years" as the pool grows steadily.

Payment Abstraction technology underpins the initiative, reducing transactional friction while creating organic demand for LINK tokens. This institutional-grade infrastructure upgrade coincides with growing adoption across decentralized finance markets.