Chainlink Unlocks $258M Worth of LINK in December
In the latest token unlock, #Chainlink released 11.25M $LINK ($258M) from 3 noncirculating supply contracts:
🔹 10.625M LINK ($243.5M) deposited directly to Binance.
🔹 625K LINK ($14.4M) sent to a multi-sig wallet for staking rewards distribution.
Key Insights:
➡️ Chainlink has unlocked 157M LINK ($1.73B) since August 2022, with 136.5M LINK ($1.52B) sent to Binance at an average price of $11.1.
➡️ Despite these substantial unlocks, the LINK price remains stable or rising, showing strong market resilience.
➡️ Chainlink still holds 361.5M LINK ($8.45B) across 15 noncirculating contracts.
Stay tuned for more updates on Chainlink's activity and its potential market impact.
Source: Spotonchain
