Decrease in exchange balances and contraction of supply

Chainlink has officially launched a reserve specifically for LINK, attracting a value of one million US dollars in the early days. This reserve will be funded from the project's revenues both on-chain and off-chain, aiming to enhance the network's growth, security, and sustainability in the long term.

In short
Chainlink launched a LINK reserve funded by protocol revenues, holding $1 million in its early days with no plans to sell.
Whale wallets accumulated up to 0.67% of LINK supplies in early August, worth about 85 million.
Foreign exchange reserves decreased by 33 million LINK, indicating a reduction in selling pressures.
Alignment with the growing treasury trend
According to the announcement on Thursday, this reserve is a long-term strategic move, with no plans to sell the accumulated LINK tokens. This will effectively withdraw these tokens from circulation in the foreseeable future, creating what analysts call a "negative supply shock," a situation that may increase scarcity and potentially support price rises.
The decision by Chainlink reflects a broader shift in the management of cryptocurrency treasuries. Following improved regulatory clarity regarding digital assets, more companies have started adding cryptocurrencies to their reserves. While companies like MicroStrategy have adopted Bitcoin to manage their treasury, Chainlink is applying a similar model to its native token, LINK, ensuring that this reserve enhances the protocol rather than serving as a speculative holding.