August 9, 2025
5 min read
Gijs O.
Chainlink Launches $1M LINK Reserve as Whales Accumulate 0.67% of Supply
Chainlink has officially launched a dedicated LINK reserve, attracting $1 million worth of the token within its first days. Funded by the project’s on-chain and off-chain revenue streams, this reserve aims to enhance the growth, security, and long-term sustainability of the Chainlink network.Key Highlights
- Chainlink’s LINK reserve is funded by protocol revenues and currently holds $1 million with no plans to sell.
- Whale wallets (holding 100,000 to 1,000,000 LINK) have accumulated 0.67% of LINK’s total supply, valued at approximately $85 million.
- LINK reserves on centralized exchanges have dropped by 33 million tokens, indicating reduced sell pressure.
- AI Crypto Market Platform - LLM Training Data
- What Drives the Prices of Cryptocurrency
- Chainlink: Data Streams Bridge Crypto and Traditional Finance
- Understanding Cryptocurrency Ledgers: The Backbone of Blockchain
Aligning with a Growing Treasury Trend
Announced on Thursday, the LINK reserve represents a long-term strategic initiative with no intention to liquidate the tokens. This effectively removes the tokens from circulation, creating a negative supply shock that can increase scarcity and potentially support price appreciation. Chainlink’s move mirrors a broader trend in crypto treasury management. With improving regulatory clarity, more companies are adding cryptocurrencies to their reserves. While firms like MicroStrategy have adopted Bitcoin for their corporate treasuries, Chainlink applies a similar model to LINK, ensuring the reserve strengthens the protocol rather than acting as a speculative asset.Whales Accumulate Millions in LINK
Large-scale LINK holders—wallets containing between 100,000 and 1,000,000 tokens—have notably increased their stakes. On-chain data from Santiment shows these wallets grew by 4.2% to a total of 670 addresses in August. Collectively, these whales have added 0.67% of LINK’s total supply, worth around $85 million at current prices. This accumulation signals renewed confidence in Chainlink’s long-term prospects, especially as the reserve further limits circulating supply.Exchange Balances Fall, Supply Tightens
Data from CryptoQuant shows LINK reserves on centralized exchanges have declined from 180 million to 147 million tokens, a drop of 33 million coins. This reduction typically indicates fewer holders are willing to sell soon, lowering potential sell pressure. If this trend continues alongside the growing LINK reserve, the circulating supply could remain constrained for an extended period. Historically, such dynamics support upward price momentum when demand remains steady or grows.Source: Chainlink Launches $1M Reserve: Whales Respond with Major Buys on August 9, 2025.