The LINK price today hovered near $11.95 at the time of writing as its spot ETFs quietly absorbed supply. While institutional inflows remain steady and on-chain accumulation continues, the market response has been still muted, raising questions about whether Chainlink’s next move requires deeper price discounts before momentum returns.
LINK ETFs Quietly Absorb Circulating Supply
According to on-chain and ETF tracking data, spot LINK ETFs have already accumulated more than 1% of Chainlink’s total circulating supply, with a market cap of $8.42…

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