Grayscale Increases Chainlink Holdings Amid Price Drop, Shows Confidence in DeFi’s Prospects
- Grayscale surged LINK holdings to 1.3M tokens, quadrupling over two years despite 50% price drop, signaling long-term DeFi infrastructure bet. - Price decline pushed LINK to critical support level with low Exchange Supply Ratio, suggesting potential stabilization and buying opportunities. - Research highlights Chainlink's role in securing dApps and enabling tokenized assets, with major banks like UBS already adopting its infrastructure. - Grayscale filed a spot LINK ETF (GLNK) for December 2025 launch, m
Grayscale Investments' portfolio in
The recent price drop,
Grayscale’s optimistic outlook stands in contrast to LINK’s recent price action, which has mirrored the broader downturn in the crypto market. Nevertheless, the company’s research stresses Chainlink’s distinct role in securing decentralized applications (dApps) and supporting enterprise-level adoption.
Market analysts observe that Grayscale’s accumulation strategy is similar to its approach with
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Price Drop Extends with Risk of a Fall Below $1.55
Quick Take Summary is AI generated, newsroom reviewed. XRP fell 11% in one week, sparking investor concern. A descending triangle pattern suggests increasing downside pressure. Bearish RSI divergence adds to the risk of a deeper decline. Key support sits at $1.55 — a break below could trigger heavier losses.References $XRP is trading 11% lower on the week, and charts now flag a descending triangle plus bearish RSI divergence, raising the risk of a move down to $1.55.
CryptoRover Flags Critical ETH Valuation Levels as Price Dips
Quick Take Summary is AI generated, newsroom reviewed. CryptoRover highlights ETH entering the “Likely Bottom Zone” on a long-term valuation model. Chart suggests ETH is 20–30% undervalued based on cycle-adjusted metrics. ETH trades near $3,022, down 3.5% on the day amid broad market pressure. Historical patterns show strong rebounds after similar valuations.References X Post Reference
GANA Payment Exploited for $3.1M, Hacker Laundered via Tornado
Quick Take Summary is AI generated, newsroom reviewed. GANA Payment was hit by an exploit resulting in the theft of over $3.1 million from its contracts. The hacker quickly laundered $1,140 BNB and $346.8 ETH through Tornado Cash on both BNB Chain and Ethereum. An additional $346 ETH ($1.04M) remains in the attacker's Ethereum wallet, currently unlaundered. The clean execution highlights the speed with which attackers can disperse funds across multiple chains, complicating recovery efforts.References accor
XRP in Bullish Mode Above $1.75, Bollinger Bands Signal
