Chainlink Reserve Adds 427K LINK in October as LINK Price Eyes $16 Target

Chainlink has expanded its strategic reserve after accumulating 427,577 LINK worth more than $5.3 million during October. The latest addition brings total reserve holdings to 6,475,076 LINK. The development comes as the LINK price attempts to recover from a major macro support level. Meanwhile, crypto analyst Alex Marzell maintains a bullish outlook, identifying $14–$16 as the initial upside target and $24 as a potential longer-term objective. According to Chainlink’s latest reserve update, the Chainlink Reserve accumulated 427,577 LINK during October through purchases worth more than $5.3 million. The latest acquisition brings its total holdings to 6,475,076 LINK, highlighting continued accumulation through the network’s revenue-based reserve mechanism. The Chainlink Reserve is designed to convert revenue generated across the Chainlink ecosystem into LINK tokens.

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