Chainlink Reserve buys 431,900 LINK in 30 days and the price still slips: What you can do now

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.The Chainlink Reserve added 89,200 LINK on October 15 and now holds around 6.29 million LINK. LINK stands at $12.57, up 5.1 percent on the day but 2.6 percent lower on the week.The Chainlink Reserve bought again on October 15: 89,200 LINK went into the holding, taking it to around 6.29 million LINK worth about $78.3 million. The Chainlink price stood at $12.57 at midday on Friday, up 5.1 percent on the previous day. Over seven days, though, LINK is down 2.6 percent. Anyone waiting for the steady buying to lift the price gets the counter-check this week: the reserve buys, the price falls. That is no contradiction but a question of scale. The reserve takes in over a month a fraction of what passes through the exchanges in a single day. This piece sets the two figures against each other and says what follows from it if you hold LINK in Germany. Chainlink Reserve: 89,200 LINK on October 15, holding at 6.29 million The October 15 purchase was reported by the on-chain service Onchain ...