Chainlink Buys Back $1.13 Million of LINK, Transfers Tokens to Reserve Wallet
Summary
- Chainlink (LINK) carried out a token buyback worth about $1.13 million.
- Chainlink bought about 139,956 tokens through CoW Swap and transferred them to a reserve wallet.
- Chainlink's reserve wallet now holds 5.35 million tokens, valued at about $43.9 million, with an average purchase price of $11.19 per token.
Forecast Trend Report by Period
Chainlink carried out a token buyback worth about $1.13 million.
Odaily and other outlets reported on Aug. 7 that Chainlink recently bought about 139,956 LINK tokens and transferred them to a reserve wallet. The buyback is estimated to have cost about $1.13 million.
The tokens were acquired through decentralized trading protocol CoW Swap. Chainlink then consolidated the holdings into a single wallet and added them to its reserves.
Chainlink's reserve wallet currently holds 5.35 million tokens, with an estimated value of about $43.9 million. The average purchase price is $11.19 per token.
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