LINK rose over 13% in 24 hours, possibly driven by the LINK reserve plan and on-chain inflows.

BlockBeats news, on August 17, according to HTX market information, LINK has risen over 13% in the last 24 hours, currently priced at 24.9125 USD. Chainlink launched the "LINK Reserve Fund Program" at the beginning of August, converting on-chain Oracle Machine network income and off-chain enterprise service revenue into LINK Token reserves proportionally. The reserve scale has currently exceeded one million USD, and in the long term, it will create supply shocks through a continuous buyback mechanism, strengthening the token's value capture ability. In addition, LINK's on-chain net inflow over the past 30 days reached 275,002 coins (6.65 million USD), and CEX reserves have dropped to an 18-month low. Whale Holdings' share has increased from 37% in June to 42%, indicating that institutional funds are accelerating their布局.