Bullish
Chainlink Buyback Surges 139,956 LINK Tokens Worth $1.13M to Reserve
2026-08-07 16:07
Chainlink repurchased 139,956 LINK via CoWSwap for $1.13M, moving tokens to reserves. Total holdings now stand at 5.35M LINK valued at $43.9M.
Woofun AI data shows that Chainlink executed a buyback of 139,956.08 LINK tokens, valued at approximately $1.13 million, and transferred the assets to its reserve wallet. The tokens were aggregated through multiple transactions on CoWSwap before consolidation.
Chainlink's reserve wallet currently holds 5.35 million LINK tokens, with a total valuation of around $43.9 million. The average acquisition cost for these held tokens stands at $11.19 per LINK.
WOOFUN AI
Impact Assessment · Quick Read
This buyback reduces circulating supply while increasing treasury depth, signaling ongoing corporate commitment to token value support. With reserves valued at $43.9M, Chainlink maintains significant on-chain liquidity buffers. Such actions may provide marginal price support during market volatility, though impact depends on broader market sentiment.
Generated by WOOFUN AI · For reference only, not investment advice
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