Chainlink's Token Takes a Tumble, But Big Players Stay Interested

Chainlink's token, LINK, had a rough day on Friday. It dropped nearly 9%, hitting its lowest price in a week. The biggest sell-off happened early in the morning, between 6 and 8 AM. There was a small bounce back later, but not enough to make up for the earlier losses. Even with this drop, big companies are still buying LINK. Caliber Corporation, a real estate firm, bought $2 million worth of LINK. This brings their total to over 560, 000 tokens, worth about $9. 2 million now. The Chainlink Reserve also added more tokens, but they're still losing money on their investment. Chainlink is also making progress on the tech side. They launched Data Streams on MegaETH, a fast blockchain. This lets smart contracts get live market data super quickly. It's useful for things like trading and stablecoins. Looking at the charts, LINK fell from $18. 07 to $16. 46. There's strong support around $15. 72 to $15. 82, and resistance at $17. 43. A new support level might be forming around $16. 30 to $16. 35.