Chainlink LINK Price Jumps 6% on Treasury Buyback and ETF Speculation

Chainlink's native cryptocurrency LINK surged 6% in 24 hours, breaking above $24.50 as altcoins outperformed in bullish crypto markets. The rally coincides with growing anticipation for spot-based ETF approvals after SEC listing standard approvals, potentially including LINK ETFs with existing futures trading on regulated exchanges like Coinbase Derivatives. Wealth management firm Caliber announced a $6.5 million LINK purchase as part of its digital asset strategy, while Chainlink's treasury bought an additional 43,000 tokens ($1.05 million) through protocol revenue - mirroring corporate share buybacks. Since August, the reserve has accumulated 323,116 LINK worth $7.9 million. Technical analysis confirms strong momentum with support at $22.82 and breached resistance levels at $24.16 and $24.42, indicating sustained buying pressure.