BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Chainlink LINK Faces Volatility Amid Grayscale ETF Conversion and Caliber’s Strategic Treasury Move
Chainlink LINK Faces Volatility Amid Grayscale ETF Conversion and Caliber’s Strategic Treasury Move
10
1
Chainlink LINK News -
Chainlink's native token LINK experienced significant volatility, declining 1% after initial gains. This pullback coincided with Grayscale's filing to convert its closed-end fund into a spot ETF—a development that typically influences broader cryptocurrency markets. Simultaneously, Nasdaq-listed Caliber Companies executed its first LINK treasury purchase, though specific transaction details remain undisclosed.
Intraday price swings reached 7%, with LINK trading between $22.84 and $24.46. Trading volume surged to 3.78 million units at 14:00 UTC, exceeding daily averages. Caliber's stock soared 2,000% before moderating, reflecting strong market enthusiasm for its innovative treasury strategy involving LINK accumulation and staking operations.
By:
