Chainlink Reserve Surpasses 150K LINK Mark with New Additions and Institutional Revenue Integration Milestone
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Chainlink Reserve Surpasses 150K LINK With $1M in New Additions
In a significant milestone, the Chainlink reserve has successfully surpassed the impressive mark of 150,000 LINK tokens. This achievement comes with an astonishing $1 million worth of new additions to the reserve, signaling strong growth and institutional revenue integration.
According to the official update, the Chainlink network has added a substantial 41,105.84 LINK tokens to its reserve. This monumental increase brings the total holdings in the Chainlink reserve to a staggering 150,770.02 LINK tokens, valued at approximately $3.8 million.
Notably, this impressive growth has not been without resistance. The LINK price dropped by around 5% within the past 24 hours, likely due to short-term traders booking profits near the $27 level. Despite this setback, the market’s lack of notable reaction to the reserve increase signifies a growing confidence in real-world demand.
The Chainlink team’s focus on institutional integration is evident through its commitment to transparency and on-chain accountability. This approach allows for direct conversions of revenue into LINK token accumulation. As such, it comes as no surprise that the project has secured critical compliance certifications with ISO 27001 and SOC 2 standards.
This milestone achievement highlights Chainlink’s dedication to its strategy for institutional adoption, aiming to become a compliant infrastructure provider in the Web3 banking sector. By achieving these certifications, the network is well-positioned to capitalize on opportunities presented by global banks exploring on-chain platforms.
Source: coincentral.com
