Chainlink’s LINK token rallied roughly 12% over the past 24 hours to trade around $26 on Saturday, lifting its market capitalisation to about $16.7 billion. The gains put the decentralised-oracle provider among the day’s top-performing large-cap digital assets and extend a rebound that began earlier in the week. On-chain data show stepped-up accumulation by large holders. Within a 24-hour window, four wallets withdrew a combined 405,000 LINK—valued at almost $10 million—from Binance. One of the addresses has accumulated 721,294 LINK, worth about $17.4 million at current prices, at an average cost of $22.78, giving it an unrealised profit of roughly $1.1 million. Market participants attribute the demand to Chainlink’s recently promoted “Chainlink Reserve” mechanism, which automatically converts on- and off-chain revenue into LINK for long-term storage, effectively acting as a continuous buy-back programme. Traders are now watching the psychologically significant $30–$31 band for signs that the rally can sustain its momentum.