Chainlink Boosts Reserves to Influence Price Towards $55

Chainlink has made a significant move in its reserves, increasing holdings by 43,937 LINK tokens, aiming to reach a target price of $55. This strategic action signals Chainlink’s commitment to market stability and sustainability. The reserves are valued at over $5.3 million and will continue to be managed by the team led by co-founder Sergey Nazarov and CTO Steve Ellis. 43,937 LINK added to the reserves represents a move focused on minimizing supply, which could potentially impact LINK price dynamics and support pricing momentum in the market.