1 · ETF LINK pile
QuietGrayscale's fund grew its LINK pile about 8x in 365 days
Data
| Date | Grayscale GLNK |
|---|---|
| Jun 30 2025 | 1.2 M LINK |
| Dec 31 2025 | 6.03 M LINK |
| Mar 31 2026 | 8.34 M LINK |
| Jun 30 2026 | 10 M LINK |
No new coins. The team reserve opens in steps.
All 1B LINK were made in 2017 and no more can be created. 748.10M circulate; the team holds the rest in reserve wallets.
Sell pressure. The reserve sent nothing out in the last 90 days. Its yearly release cycle says two releases come next: 18.75M, now overdue, and 11.25M in December — 30.0M LINK.
Buy pressure. Nothing is burned. The Reserve bought 1.54M LINK with service fees, but it stays in the circulating count.
Net. Flat for 90 days; about +4.01% next.
LINK has no way to create new coins. All 1B LINK were made when the token launched in 2017, and the token contract has no mint function, no owner and no upgrade path — the total is written into the contract itself. Nothing is paid out in new LINK, so this row is always zero.
LINK has no dated vesting calendar. The 350M LINK sold in 2017 were free from day one. The rest sits in 33 reserve wallets, and the project only says it releases about 7% of total supply a year from them, on dates it does not publish. Those releases are counted in the next row.
About 251.9M LINK sits in 33 team reserve wallets outside the circulating count, mostly in seven wallets of 30M each. None of it moved in the last 90 days. The team releases part of it about once a quarter — 18.75M on Oct 10 2025, 11.25M on Dec 19 2025, 19.0M on Apr 3 2026 and 21.0M on Jun 19 2026 — mostly to an exchange. The sizes repeat every year, 70.0M LINK in all — the 7% a year the project states. The next step, 18.75M, is overdue, and the 11.25M December step came on Dec 20 2024 and Dec 19 2025, so the next 90 days hold two releases: 30.0M LINK. The Chainlink Reserve (6.05M LINK, buying every week) and the team's operations wallet (9.56M LINK) are also tracked; both are already counted as circulating.
No bankruptcy estate or trustee holds LINK for sale, and no old lock is due to open. Funds that hold LINK for their investors bought it on the open market, so those coins were already in the float.
The Chainlink Reserve buys LINK every week with fees that companies and apps pay for Chainlink services. It added 1.54M LINK in the last 90 days and now holds 6.05M, with no withdrawals expected for years. But the Reserve wallet is counted as circulating, so its buying moves coins inside the float and removes nothing from the count.
LINK has no burn. Fees for Chainlink services are paid to node operators or turned into LINK for the Reserve; none are destroyed. The public dead address received less than 1 LINK in the window from voluntary sends.
Apart from the Reserve above, no team wallet bought LINK on the market this window, and no buying plan has been announced.
About 40.9M LINK is staked in the community pool, the same amount at both ends of the window, and the reward pool paid out about 0.61M LINK to stakers. Staked LINK is counted as circulating, so staking removes nothing from the float.
Two sides: how much people want LINK right now, and how much buying could come later.
This part is based on social media. It shows how hot LINK is right now. A better rank means more people are talking about it.
Today, people are talking about LINK for two reasons:
On Oct 8 2026, Chainlink introduced CCIP Vault Adapters. A DeFi vault that lives on one chain can now take deposits from users on more than 80 blockchains, with no manual bridging. People ask how many vaults will use it, and if more use will mean more fees for the network.
After a wide crypto sell-off on Oct 8 2026, LINK slid to about $12.97, down about 7% in seven days. People ask if the $12 to $13 area can hold, and when bank-related news will matter for the price again.
Checked Oct 10 2026
Supply and demand point to a mixed long-run signal for Chainlink (Oct 11 2026, score 6/10). Chainlink adds +4.01% new supply in 90 days, and demand reads exceptional (5/5). Chainlink's price drivers: 2 ▲ price up, 0 ▼ price down.
XRP looks a bit better on supply, Chainlink on demand. Chainlink adds about 4% new supply in 90 days vs 1.14% for XRP, but its demand scores 5/5 vs XRP's 4/5. Both score 6/10 on Oct 10 2026, so we see it as close to a tie. That leaves Chainlink's long-run signal at mixed, by supply and demand.
Swift's bank ledger is now open, and Chainlink links banks to it, so we count this as a driver pointing up. It likely helps demand more than supply, which still grows about 4% in 90 days. The next date to watch is the Link:NYC event on Oct 29 2026. For Chainlink, the supply-and-demand signal is mixed right now.
Chainlink trades near $14.8 (Oct 11 2026). $100 a coin means a $74.8B market cap, 6.8 times today's $11B. Chainlink's supply also grows +9.36% in the next year, so every extra coin needs buyers too. Supply and demand still read mixed for Chainlink in the long run.
We would read Chainlink differently if new supply keeps arriving (+4.01% in 90 days), or demand falls from exceptional. Until then Chainlink's signal stays mixed. Mark this date for Chainlink: Oct 29 2026 — Link:NYC event.
Chainlink scores 6/10 on our framework (Oct 11 2026): supply 1/5 (very heavy), demand 5/5. Over the next year Chainlink's supply changes +9.36%. The long-run signal is mixed.
Supply and demand favor Chainlink most when little new supply is coming, demand is strong and the price drivers point up. Right now Chainlink has +4.01% new supply in 90 days (very heavy), demand exceptional (5/5), drivers 2 ▲ / 0 ▼.
Chainlink's price drivers today: 2 pointing up, 0 pointing down, out of 2. ▲ ETF LINK pile: Grayscale's fund grew its LINK pile about 8x in 365 days ▲ Banks on Chainlink: Swift's bank ledger is open; Chainlink now links banks to it
Chainlink: mixed signal, 6/10 · Bitcoin: positive signal, 8.5/10 (Oct 11 2026). By supply and demand, Chainlink reads weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. LINK supply grows +4.01% in the next 90 days, so it shows in red: more LINK reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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