Chainlink Reserve Reaches $2.6 Million Milestone, Potential Price Surge Driven by Buybacks

The Chainlink Reserve has amassed 109,661 LINK tokens, reaching a significant milestone of $2.6 million. This strategic purchase aims to reduce the circulating supply of LINK tokens, potentially driving prices above the $24 mark. While some community members celebrate this move as bullish signal, others raise concerns about a potential sell-off following a large upcoming unlock of 230 million LINK tokens. Chainlink’s innovative use of its Payment Abstraction system continues to attract institutional investors, further cementing its real-world utility.