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Chainlink Reserve Tops 417,000 LINK as Price Tests $24 Ceiling

A Swift Hackathon win with the DataLink launch underscores tightening supply from rising institutional use.

Overview

  • Chainlink reported adding 46,441.67 LINK to its Reserve, lifting holdings to 417,461.17 LINK as of Oct. 2.
  • LINK trades around $22–$23 with immediate resistance near $24 and key support around $22, with potential retests of $19–$20 if support fails.
  • Spot activity remains elevated with roughly $922 million to $967 million in daily volume and a market cap near $15.2–$15.4 billion.
  • CoinGlass data show active derivatives trading but lighter leverage, with volume near $1.6 billion and open interest down 2.9% to $1.32 billion.
  • On-chain adoption indicators include 1,963 new wallets on Oct. 1, while product and enterprise traction feature a Swift Hackathon win and DataLink enabling real-time data from firms such as Deutsche Börse.