Chainlink, a leading decentralized oracle network, has completed its scheduled quarterly token unlock, releasing 19 million LINK tokens worth approximately $262 million. This unlock occurred five hours ago from two non-circulating supply addresses, significantly impacting the market’s circulating supply.
Out of the total unlocked tokens, 14.875 million LINK, valued at around $205 million, were transferred directly to Binance. This substantial movement to the exchange could indicate a potential increase in trading activity, liquidity, or sell pressure on the market.
Chainlink completed its quarterly token unlock five hours ago, releasing a total of 19 million LINK tokens (approximately $262 million) from two non-circulating supply addresses. Among them, 14.875 million LINK (about $205 million) were transferred directly to Binance, and the…
— Wu Blockchain (@WuBlockchain) March 15, 2025
The remaining 4.125 million LINK, approximately $57.04 million in value, was moved to a multisig address. While the exact purpose remains unclear, such movements typically indicate reserves for operational needs, ecosystem incentives, or strategic partnerships.
Chainlink’s token unlocks are part of its ongoing supply schedule, which influences market dynamics. Traders and investors will closely monitor price movements following this large release.
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