Chainlink's LINK Reserve Initiative: Chainlink has launched a LINK Reserve with an initial investment of over $1 million, aimed at supporting network growth by converting on-chain and off-chain revenue into LINK tokens, thereby reducing circulating supply.
Market Impact and Strategic Implications: The initiative is expected to reduce sell pressure on LINK, attract whale investors, and potentially stabilize or increase its value, reflecting confidence in the token's management and setting a precedent for similar strategies in the cryptocurrency market.
