Chainlink buys back 127,740 LINK worth about $1.12 million

Chainlink carried out another LINK buyback on August 15, purchasing 127,740 LINK worth about $1.12 million and transferring the tokens to a reserve wallet, according to data tracked by Onchain Lens. The latest purchase lifted reserve holdings to about 5.48 million LINK, valued at roughly $48.5 million, with an average acquisition cost of $11.14 per token. CoinMarketCap data cited in the article showed LINK trading at $9.14 at press time, up 3.29% on the day. The move extends a pattern of periodic accumulation by the oracle network, whose price-feed and off-chain data services are widely used across decentralized finance, and is being watched for its effect on circulating supply, market sentiment and future treasury flexibility.

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