✨✨Binance Transaction Didn't Go Unnoticed: They Sent $1.52 Billion in Altcoins ✨✨

$LINK

According to data shared by Spot On Chain, Chainlink (LINK) unlocked 11.25 million LINK tokens (worth about $258 million). This transaction took place about four hours ago and was distributed as follows:

• 625 thousand LINK (about $243.5 million) was transferred to the Binance exchange.

• 625 thousand LINK ($14.4 million) was sent to the multi-signature wallet address "0xD50".

Chainlink's Latest Unlock Transactions

Chainlink has unlocked a total of 157 million LINK tokens since August 2022, with a total value of these tokens equivalent to $1.73 billion. The majority of the tokens unlocked during this process, 136.5 million LINK ($1.52 billion), were directly deposited to the Binance exchange. The average trading price was around $11.1.

In addition, Chainlink still holds 361.5 million LINK tokens ($8.45 billion) under supply agreements that have not yet entered circulation. This amount constitutes a large portion of the total supply and is being closely monitored in terms of liquidity in the market.

What the Transfer to Binance Means

Chainlink's transfer of a significant amount of LINK tokens to the Binance exchange can lead to speculation in terms of its impact on the market. This move may be seen as a signal of potential selling pressure or may be considered as part of the project's financial strategy.

My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is anyone who still does not follow me, I would be happy if they did. Please like my articles and posts. Thank you.