Overview

• Chainlink introduced the Reserve on August 7 to accumulate LINK tokens using protocol revenue and off-chain payments for long-term network sustainability.
• Large-holder wallets with 100,000 to 1 million LINK increased by 4.2% this month, adding roughly 0.67% of the token’s supply.
• LINK surged 13.5% in 24 hours to trade near $19.04, becoming the second-best performer among the top 20 cryptocurrencies and testing resistance around $20.50–21.
• Momentum indicators have turned bullish with a 4-hour RSI at 76 and positive MACD, while support is now established near $16.10 for potential pullbacks.
• Earlier this week Chainlink rolled out Data Streams for U.S. stocks and saw its CCIP power Brazil’s Drex CBDC pilot, enhancing on-chain data utility.