JUST IN: Chainlink unlocks 11.25 million $LINK tokens ($258M)
Hereâs 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 â0xD50â.
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 itâs something to watch closely if you hold $LINK.