Native token of oracle network Chainlink (LINK) has sunk to its weakest price since early August, giving up past weeks' gains amid broader crypto market weakness.

LINK dipped briefly below $20 multiple times overnight from Thursday to Friday, declining around 4% over the past 24 hours and down nearly 28% from the August highs.

The move happened despite consistent buying activity. On Thursday, wealth management firm Caliber (CWD) bought another $4 million in LINK tokens as part of its digital asset treasury strategy. With the latest purchase, the firm brought total LINK holdings to $10 million, according to the press release.

The Chainlink Reserve, a facility that purchases tokens using revenue from protocol integrations and services, taking supply off from the open market, also bought o

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