From 24/7 Wall St. · Sam Daodu · · 1m 30s
Chainlink Reserve Buying LINK Despite Price Drop
Chainlink's token price falls despite active buying by its own reserve.
In brief
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 due to market sell-offs and supply pressures. Originally reported by 24/7 Wall St..
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.
What it means
Chainlink's token price remains down despite consistent purchases by its reserve fund due to market sell-offs and supply pressures.
