{"id":46784,"date":"2025-09-10T12:46:49","date_gmt":"2025-09-10T12:46:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46784"},"modified":"2025-09-10T12:46:49","modified_gmt":"2025-09-10T12:46:49","slug":"chainlinks-link-stalls-after-nasdaq-listed-firms-treasury-purchase-grayscale-etf-plans","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46784","title":{"rendered":"Chainlink&#8217;s LINK Stalls After Nasdaq-Listed Firm&#8217;s Treasury Purchase, Grayscale ETF Plans"},"content":{"rendered":"<div>\n<p>The native token of Chainlink (LINK) stalled on Wednesday after a strong start to the week, giving back some of the gains on news about asset manager Grayscale <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/08\/chainlink-jumps-as-grayscale-files-for-first-ever-u-s-chainlink-etf\">filing<\/a> to convert its closed-end fund into an exchange-traded fund (ETF).<\/p>\n<p>The token is down about 1% in the past 24 hours in a volatile session, experiencing a 7% price swing, per CoinDesk Research&#8217;s technical analysis model.<\/p>\n<p>The price action followed Arizona-based real estate and asset manager Caliber&#8217;s (CWD) Tuesday announcement that it <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1627282\/000110465925088692\/tm2525700d1_ex99-1.htm\">completed<\/a> its first purchase of LINK tokens, marking the start of its digital asset treasury strategy. <\/p>\n<p>Its stock skyrocketed nearly 2,000% on Tuesday before giving back a bulk of the gains, down another 20% on Wednesday pre-market. The firm didn&#8217;t disclose the amount of tokens bought.<\/p>\n<p>The move makes Caliber the first Nasdaq-listed firm to adopt a treasury reserve policy focused on LINK. The company said it aims to accumulate LINK over time using existing credit lines, cash reserves and equity-based securities, with plans to stake tokens to generate yield.<\/p>\n<h5><strong>Technical analysis<\/strong><\/h5>\n<ul>\n<li>Trading Performance: LINK posted a modest 1% decline over the 24-hour period, experiencing volatile intraday swings of 7% between $22.84 and $24.46, CoinDesk Research&#8217;s technical analysis model showed.<\/li>\n<li>Volume Indicators: Trading activity spiked to 3.78 million units at 14:00 on September 9:00 UTC, exceeding the 24-hour average and establishing support near the $23 price level.<\/li>\n<li>Resistance Testing: The intraday high of $23.49 encountered selling pressure before declining through minor support levels, indicating profit-taking activity and potential preparation for additional downside price discovery.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong> <em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em> <em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em> <em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The native token of Chainlink (LINK) stalled on Wednesday after a strong start to the week, giving back some of the gains on news about asset manager Grayscale filing to convert its closed-end fund into an exchange-traded fund (ETF). The token is down about 1% in the past 24 hours in a volatile session, experiencing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46784","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46784"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46784\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}