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Chainlink Keeps Buying Its Own Token. Why Is LINK Still Down This Week?

Chainlink Keeps Buying Its Own Token. Why Is LINK Still Down This Week?

The Chainlink Reserve spends real revenue buying LINK off the market every day, yet the token keeps sliding lower. Something is overpowering the buying pressure, and it raises a bigger question about how much a built-in buyer can actually do.

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The Chainlink Reserve actively buys Chainlink (CRYPTO:LINK) with revenue generated from the network’s services, yet the token’s price keeps declining. On September 28, 2026, LINK closed at $15.44, but it plunged 23.5% to an intraday low of $11.81 on October 15, all while the Reserve continued its buying spree.

LINK is trading at $12.24, down 5.2%…

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