$LINK
LINK surges 13% in 24 hours!
Reserve Fund Plan + Whale buying spree,
Is the token value about to take off?
HTX market shows LINK suddenly spiked 13%, now priced at $24.9125! Behind this surge are two major driving forces:
1️⃣ Reserve Fund Plan in full swing: Chainlink launched the 'LINK Reserve Fund Plan' at the beginning of August, converting oracle network revenues and enterprise service earnings into LINK token reserves at an astonishing rate, with current reserves exceeding one million dollars! Future buybacks will continue, creating supply shocks, and the token value capture ability is directly maximized!
2️⃣ Whale funds pouring in: In the past 30 days, LINK has seen a net inflow of 275,000 tokens ($6.65 million), and exchange reserves have dropped to an 18-month low! Even more astonishing, whale holdings have surged from 37% in June to 42%, with institutional funds secretly 'scooping up'!
Is this operation short-term speculation or long-term value reassessment? Can LINK break its previous high? Is there a bigger strategy behind the whale buying spree? Is it still a good time to get in? Feel free to comment!
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