Chainlink’s Market Flood: Recent 21M LINK Token Unlock Sparks Price Drop Concerns

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Chainlink’s latest token unlock has introduced a significant number of new LINK tokens into the market.

This influx raises questions about the potential impact on LINK’s market value and investor sentiment.

The notable transfer of LINK tokens to major exchanges like Binance has heightened these speculations.

Chainlink’s tokenomics includes a planned schedule for releasing new LINK tokens, with an annual release rate of approximately 7% of the total circulating supply. During the latest unlock, 21 million LINK tokens valued at $295 million were brought into circulation, pushing the total circulating supply past 600 million tokens for the first time.

A significant portion, 18.25 million LINK tokens worth $265 million, was sent directly to Binance.

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