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Chainlink officially launched a link dedicated to Link, which in a few days attracted the equivalent of $ 1 million in chips. This reserve, fucked out of the revenue from the chain and off-session from the project, is to strengthen the growth, safety and sustainability of the network network.
In short
- Chainlink launched a reserve of links funded by a protocol income that accumulated $ 1 million in the first days without a sales project.
- Whale portfolia received 0.67 % of Link’s offer at the beginning of August or about $ 85 million.
- The reserves on the stock exchange platforms dropped 33 m link, which signaled lower sales pressure.
Strategy balanced with a material trend
According to the announcement published on Thursday, this is a long -term strategic movement without the intention to sell the accumulated link. Thus, these tokens are withdrawn from operation for an indefinite period, which creates what analysts describe as a “negative offer”, a phenomenon that is likely to increase rare and potentially support prices.
This decision of Chainlink is part of a wider trend in cash management. While the regulatory clarity around digital assets is improving, more and more companies add cryptocurrency to its reserves. If companies have chosen bitcoins for their business cash, Chainlink applies a similar approach with its native token, link, so this reserve is directly used to strengthen the protocol rather than supporting simple speculation.
Whales accumulate millions in the link
The commencement of the reserve coincides with significant accumulation of the interconnection by large holders. Santiment data The string shows that the number of portfolios held between 100,000 and 1,000,000 links increased by 4.2 % in August and reached 670 addresses. Together, these portfolios added 0.67 % of the total link offer or approximately $ 85 million at current prices.
This accumulation reflects reinforced confidence in the long -term project potential, especially because the creation of a reserve further reduces the offer available on the market.
Reduce reserves on the Stock Exchange platforms
Cryptocurrency data confirms this dynamics ascending. Sales of links on centralized stock exchanges increased from 180 million to 147 million tokens, a decrease of 33 million. Such a decline generally suggests that fewer investors are ready for sale in the short term, reducing potential sales pressure.
If this trend is parallel to the growth of the reserve, the link may experience a longer period of contraction of the offer, which is a factor that historically supports bull momentum when demand remains stable or proceeds.
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I was passionate for almost ten years since I was young and I was curious for investment for the first time. This early spark led me to years of research, writing and exploring the future of decentralized technology.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.