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Chainlink (LINK) Jumps 15% Following Reserve Launch and Whale Accumulation
Chainlink (LINK) Jumps 15% Following Reserve Launch and Whale Accumulation
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Chainlink LINK News -
Chainlink's native token LINK surged to $19.15, marking a 15% daily gain as its market cap neared $13 billion. The rally follows the launch of the chainlink Reserve program, which aims to secure network growth by accumulating LINK tokens from real revenue streams. Over $1.16 million worth of LINK has already been deposited into the reserve.
Whale activity is intensifying, with Santiment data showing increased holdings among addresses holding 100,000+ LINK. The network's pivotal role in providing oracle data to DeFi protocols continues to attract institutional interest. Co-founder Sergey Nazarov positions the reserve as a bridge between traditional finance and blockchain sustainability.
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