Chainlink Unlocks $215M in LINK Tokens, Deposits $208M to Binance
In the past 20 hours, Chainlink unlocked 18.75 million LINK tokens (worth $215M) from four noncirculating supply contracts. Here's how the tokens were allocated:
18.125M LINK ($208M) was directly deposited to Binance.625K LINK ($7.18M) was sent to a multi-signature wallet (address 0xD50) for distributing staking rewards.
Key Details:
Chainlink has been unlocking LINK tokens every 3 months since August 2022, releasing a total of 145.75M LINK ($1.5B). Of these, 126M LINK ($1.28B) has been deposited to Binance at an average price of $10.133.Despite these massive unlocks and exchange deposits, the price of LINK has remained stable, or even seen slight increases after each unlock.Chainlink still holds 372.75M LINK ($4.26B) across 24 noncirculating supply contracts, signaling more potential future unlocks.
