Chainlink unlocks 19 million tokens and transfers them to Binance
Chainlink has unlocked 19 million LINK tokens worth approximately 269 million dollars, following its established quarterly schedule.
The latest token unlock has drawn attention amid concerns about a notable transaction involving a high-profile trader on the Hyperliquid platform.
Latest token unlock of Chainlink
Of the 19 million tokens unlocked, 14.87 million LINK, valued at 212.9 million dollars, were sent to Binance. This is potentially to add liquidity to the exchange, as the largest percentage of LINK trading volume occurs on Binance.
The remaining 4.12 million LINK, valued at 56.2 million dollars, were moved to a multisig wallet labeled as 0xD50. This token distribution is not new, as Chainlink has consistently followed this pattern for years.
Data from SpotOnChain reveals that since August 2022, Chainlink has unlocked 176 million LINK, worth approximately 2 billion dollars at that time and 2.43 billion dollars at current prices.
Let's see if it goes up!!!
$LINK
Chainlink has unlocked 19 million LINK tokens worth approximately 269 million dollars, following its established quarterly schedule.
The latest token unlock has drawn attention amid concerns about a notable transaction involving a high-profile trader on the Hyperliquid platform.
Latest token unlock of Chainlink
Of the 19 million tokens unlocked, 14.87 million LINK, valued at 212.9 million dollars, were sent to Binance. This is potentially to add liquidity to the exchange, as the largest percentage of LINK trading volume occurs on Binance.
The remaining 4.12 million LINK, valued at 56.2 million dollars, were moved to a multisig wallet labeled as 0xD50. This token distribution is not new, as Chainlink has consistently followed this pattern for years.
Data from SpotOnChain reveals that since August 2022, Chainlink has unlocked 176 million LINK, worth approximately 2 billion dollars at that time and 2.43 billion dollars at current prices.
Let's see if it goes up!!!
$LINK
