The second inflow of Chainlink reserve LINK funds has been completed
According to a report by Jinse Finance, @ChainLinkGod stated that the second inflow of Chainlink reserve LINK funds has been completed, bringing the total reserves to 109,662 LINK (worth $2.6 million), with an average cost of $19.65 per LINK. Today, 44,109.76 LINK (worth $1 million) were acquired, with approximately 90% sourced from swapping USDC for LINK via Uniswap and about 10% from LINK already paid by users. The reserves are jointly funded by on-chain revenue generated from Chainlink services and off-chain revenue from enterprise partnerships, supporting the network’s long-term growth and sustainability. Fund inflows are scheduled weekly, and no withdrawals from the reserves are expected in the coming years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arthur Hayes: When the US government shutdown ends, BTC will rise, and ZEC will also rise.
Matrixport: Bitcoin is approaching the oversold zone, current price level may be considered for buying the dip
