Chainlink (LINK) Jumps 11% as Whales Ramp Up Accumulation Post-Reserve Launch

Chainlink's native token LINK surged 11% to $21.00, driven by institutional accumulation and the rollout of its Reserve mechanism. The protocol's new on-chain treasury has already locked over $1 million worth of LINK, highlighting robust enterprise demand.

Whale wallets holding 100,000-1 million LINK increased their positions by 4.2% this week, absorbing 0.67% of total supply in just 24 hours. This concentrated buying often precedes sustained price growth, with the RSI at 69.34 indicating strong momentum without overbought conditions.

The rally aligns with Chainlink's expansion into traditional markets via Data Streams for U.S. equities, now adopted by major DeFi protocols. Market makers appear to be positioning ahead of expected institutional demand from this bridge between crypto and legacy finance.