Chainlink: 22.7 million LINK in funds and reserve: the day's low sits at $11.94

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: the quarterly review of October 21 shows how much LINK now sits in two US funds and in Chainlink's own reserve: 22.7 million units between them. The price slipped to the day's low of $11.94 on Thursday evening all the same. What the two have to do with each other.Chainlink published its third-quarter review on October 21, and it contains a figure that changes how the price looks. The project's own reserve held 6,047,498 LINK at the end of the quarter. The two US funds run by Grayscale and Bitwise held 16,650,795 LINK between them. Taken together, 22.7 million Chainlink sit in vehicles that are not meant for daily trading. At Thursday evening's price, that is worth about $271 million. Total trading turnover over the past 24 hours came to $240.7 million. More is therefore locked away than changes hands in a full day. And the price is falling all the same. LINK traded at $11.93 at 16:48 UTC on October 22, according to CoinMarketCap; CoinGecko showed $11.96 at the same min...