Chainlink's native token, LINK, surged 6% to over $24.5 as altcoins rallied in anticipation of spot-based ETFs. This surge was supported by a strong price floor established at $22.82 and increased trading volume. Caliber, a wealth management firm, purchased $6.5 million in LINK tokens, while the Chainlink Reserve acquired an additional $1 million. The accumulation since August totals approximately $7.9 million in LINK tokens as part of a treasury strategy. Technical analysis suggests LINK is gaining momentum, having breached multiple resistance levels, particularly $24.16 and $24.42, indicating strong buying activity.
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