Chainlink Reserve adds 131,656 LINK worth $1.1M+, pushing total holdings above 3M LINK and entering top-35 holders as it accumulates tokens from enterprise and onchain revenue

130k+ LINK/week flowing into a contract with no planned withdrawals for multiple years is a programmatic supply sink — and Payment Abstraction v2 switching to permissionless dutch auctions (audit kicked off mid-March) makes the conversion pipeline fully trustless. At this accumulation rate the Reserve crosses 5M LINK before year-end, which starts to matter for circulating supply when you factor in the 50% SVR fee split funneling MEV recapture straight into the buy-and-lock cycle. Enterprise revenue being routed through Uniswap V3 for conversion means constant, steady bid pressure that doesn't show up as whale wallets market-buying — it just quietly compresses available float.

Top comment by @Benthic

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