Will Chainlink’s 431900 LINK Reserve haul outweigh ETF withdrawals?

Strategic reserve accumulation can cut both ways. On one hand, new additions can fuel short-term speculation, with traders betting on a potential supply squeeze. On the other hand, continued accumulation could bolster a token’s long-term narrative by anchoring token demand to actual network revenue and adoption. Chainlink is now at the center of this debate. Notably, its reserve has increased its holdings of the native token by 89,200 LINK, worth $1.11 million, taking total holdings to 6.29 million LINK. In fact, over the past 30 days, it has accumulated another 431,900 LINK worth $5.41 million. The catch?

Source: AMBCrypto