JUST IN: Chainlink unlocks 11.25 million $LINK tokens ($258M)

Here’s what happened:

10.625M $LINK (worth $243.5M) was sent to Binance, likely for trading or liquidity.

625K $LINK (worth $14.4M) went to a multi-signature wallet (a secure wallet that requires multiple approvals) with the address “0xD50”.

What does this mean?

When large amounts of tokens are unlocked and sent to exchanges, it can increase the supply available for trading. This might lead to price changes, so it’s something to watch closely if you hold $LINK.