# Chainlink Reserve Buying LINK Despite Price Drop

> Chainlink's token price falls despite active buying by its own reserve.
- Title: Chainlink Reserve Buying LINK Despite Price Drop | Shortify
- Summary: Chainlink's token price falls despite active buying by its own reserve. Chainlink's token price remains down despite consistent purchases by its reserve fund…
- Keywords: chainlink, link, chainlink reserve, crypto market, token price, market cap, supply pressure, reserve buying, Reserve, Buying, Despite, Price
- Source: 24/7 Wall St. — https://247wallst.com/investing/cryptocurrency/2026/10/17/chainlink-keeps-buying-its-own-token-why-is-link-still-down-this-week
- Author: Sam Daodu
- Published: 2026-10-17T15:30:34+00:00
- Read time: 1 min
- Topics: chainlink, link, chainlink reserve, crypto market, token price, market cap, supply pressure, reserve buying
## Chainlink Reserve Active Buying
The Chainlink Reserve spends real revenue buying LINK off the market every day.
## LINK Price Declines Despite Buying
LINK closed at $15.44 on September 28, 2026, but plunged 23.5% to $11.81 by October 15.
## Current LINK Price Drop
LINK trades at $12.24, down 5.2% over the past week and 10.2% in two weeks.
## Chainlink Reserve Mechanism
The Reserve uses revenue from on-chain fees and enterprise payments to buy LINK.
## Chainlink Dashboard Issue
Chainlink's dashboard didn't load holdings or 30-day purchase figures on October 16.
## Market Impact on LINK
The crypto market fell 3.5% in 24 hours as of October 16 with Bitcoin dominating 59.4% of the market.
## Supply Pressure on LINK
766.85 million LINK worth $9.39 billion are in circulation out of a total supply of 1 billion.
## Market Cap Position
LINK holds 16th position by market cap with a 13.4% increase over 30 days.
## Reserve Buying Power
The Reserve's purchasing power depends on revenue conversion and daily trading volume dynamics.
## LINK Price Recovery Conditions
LINK needs to reclaim $13.33 to set sights on $15.44 high before recovery.
## Key takeaway

Chainlink's token price remains down despite consistent purchases by its reserve fund due to market sell-offs and supply pressures.