24/7 Cryptocurrency News

Chainlink Reserve Tops 150,770 LINK Tokens Following Latest Purchase

The team announced that it added $1 million worth of LINK coins into its Chainlink reserve today, highlighting the accelerating deposits.
Published by
Chainlink Reserve Tops 150,770 LINK Tokens Following Latest Purchase

Highlights

  • Chainlink reserve adds LINK tokens worth over $1 million.
  • The Chainlink reserve now holds over 150770 tokens valued at over $3 million.
  • Chainlink becomes first in the crypto network to achieve ISO 27001 & SOC 2 compliance.

The recently announced Chainlink Reserve is already off to a solid start, barely two weeks since its launch. The Chainlink network just released an update, revealing that it has added more tokens to the reserve.

Advertisement

Chainlink demonstrates its commitment to the Chainlink reserve plans

The network revealed in its latest update that it added 41,105.84 LINK tokens to the Chainlink reserve. An amount worth just over $1 million in fiat value. According to the reserve data, the total number of coins in the reserve now stands at 150,770.02 LINK, valued at roughly $3.8 million.

Source: Chainlink reserve tracker

This development comes just two weeks after the network launched the reserve initiative. The team had stated back then that it would accumulate tokens using real revenue from institutional users and protocol-level services.

If the network maintains a similar or thereabout rate of deposits into the reserve, then LINK reserves may impact price action. Nevertheless, the deposits could see a significant acceleration down the road as the Chainlink network achieves more adoption and utility.

The market reacted with a LINK rally when news of the Chainlink reserve broke out earlier this month. This latest update did not yield any significant impact on LINK price action.

The LINK price tanked by about 5% in the last 24 hours. This sell pressure occurred after facing short-term resistance near the $27 price level, after a 66% rally from its lowest price point in August.

Source: TradingView; LINK Daily Chart
Advertisement

Why Chainlink ISO 27001 and SOC 2 compliance is a big deal

Chainlink also announced that it is now compliant with the ISO 27001 and SOC 2 standards. It is the first on-chain oracle services provider to secure this level of compliance.

This achievement marked a key milestone in the network’s plans for institutional partnerships in the financial industry. The two are reportedly the gold standards that banks require to conduct business on-chain. Hence, the certifications will elevate Chainlink to the trust level necessary for secure banking-related operations.

The compliance certification thus marks a pivotal moment, especially now that banks have been pushing aggressively towards WEB3. The development underscored the potential for Chainlink to onboard some of the biggest banking institutions. An outcome that could generate more revenue for the network, which will, in turn, push for higher allocation into the Chainlink reserve.

These developments highlight more growth potential for Chainlink, which could also super-charge LINK’s potential upside. Especially considering that the integration of Chainlink services with banks will generate more revenue.

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Altcoin News

BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

BNB, the native cryptocurrency of Binance, has seen a strong 8% upside, hitting a new…

October 3, 2025
  • 24/7 Cryptocurrency News

Billionaire Ray Dalio Calls Bitcoin “Alternative Money” as BTC Profit-Taking Tops $3.7B Amid $120K Rally

Billionaire hedge fund manager Ray Dalio has touted Bitcoin as “alternative money” as it continues…

October 3, 2025
  • 24/7 Cryptocurrency News

Canary Litecoin ETF Delayed Due to Government Shutdown, What’s Next?

The U.S. Securities and Exchange Commission (SEC) has missed its final deadline on the Canary…

October 3, 2025
  • 24/7 Cryptocurrency News

VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%

VanEck has formally registered its VanEck Lido Staked Ethereum ETF in Delaware. If approved, this…

October 3, 2025
  • 24/7 Cryptocurrency News

Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks

Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share…

October 3, 2025
  • 24/7 Cryptocurrency News

Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury

Australia’s Fitell Corporation has purchased 216.8 million PUMP tokens for $1.5 million. The Nasdaq-listed company…

October 3, 2025