en.bitcoinsistemi.com
According to cryptocurrency onchain data, Chainlink ($LINK) recently carried out a massive token unlock.
Data shows that 18.75 million $LINK worth $215 million was opened from Chainlink out-of-circulation supply contracts.
18.12 million units of the altcoins in question, worth $208 million, were sent to Binance as soon as the tokens were unlocked.
On the other hand, 625 thousand units worth $ 7.18 million were transferred to the Multisig 0xD50f wallet.
On the other hand, Chainlink has unlocked a total of 145.75 million tokens worth $1.5 billion with the token unlocks it has made every three months since August 2022. Of these, 126 million tokens worth $1.28 billion were sent directly to Binance. The transfers were made at an average price of $10.13.
At the time of writing, $LINK is trading at $11.30.
Despite these massive token unlocks and centralized cryptocurrency exchange deposits, the $LINK price appears stable and even rises from time to time after these token unlocks.
However, developers still have 372.75 million tokens worth $4.27 billion in 24 different cryptocurrency wallets.
*This is not investment advice.