Overview
- Grayscale’s LINK spot ETF has recorded daily inflows since launch and now holds over $48 million in assets, approaching the $50 million mark.
- On-chain data shows exchange-held LINK has fallen to about 218 million tokens from a November peak of 264 million, pointing to reduced immediate sell supply.
- Large holders have increased their balances to roughly 3.56 million tokens, and one whale recently bought 1.62 million LINK worth about $22 million from major exchanges.
- Chainlink’s Strategic LINK Reserves, funded by network fees since August, have surpassed 1 million tokens valued near $14.7 million.
- Technical charts highlight a double-bottom at $11.56 and a falling wedge breakout, with analysts eyeing a potential move toward $20 if the $14 area and broader market conditions hold.