Chainlink's native token, LINK, fell 8% to $16.92, breaking a key support level due to institutional selling that reduced trading volume to 3.94 million tokens. Despite being in oversold territory, LINK has struggled to rebound above $17. In a significant development, Ondo Finance has selected Chainlink as a price oracle for over 100 tokenized assets. Additionally, Chainlink Reserve acquired 64,445 LINK tokens, valued at $11 million, marking the largest buyback since August.