The pullback occurred amid concentrated selling pressure, particularly between 6:00 and 8:00 AM ET on Friday, CoinDesk Research’s analytics model noted. A brief recovery late in the session saw LINK modestly up 0.4% in the final hour, but not enough to offset earlier losses.
Despite the steep decline, corporate interest in LINK appeared to be steady. Caliber Corporation (CWD), a Nasdaq-listed real estate investment firm, disclosed a $2 million LINK acquisition on Thursday. The purchase brought Caliber’s total LINK tally to 562,535, worth about $9.2 million at current prices.
Meanwhile, the Chainlink Reserve added another 59,969 LINK to its holdings, bringing its holdings to 523,159 tokens. However, with an average cost basis of $21.98, the reserve remains deeply underwater, down over 34% from its entry point.
On the tech front, Chainlink advanced its product roadmap with the launch of Data Streams on MegaETH, a high-speed blockchain optimized for real-time applications. The integration allows smart contracts to access live market data with sub-second latency, supporting DeFi use cases like perpetual swaps trading and stablecoins with centralized exchange-level speed.
