• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Chainlink Enhances Liquidity with 19M LINK Token Unlock

user avatar

by Giorgi Kostiuk

7 hours ago


Chainlink recently completed the scheduled unlock of 19 million LINK tokens worth $269 million, with a portion sent to Binance to enhance liquidity.

LINK Unlock: Details

Last week, Chainlink unlocked 19 million LINK tokens valued at $269 million as part of its quarterly token release plan. Of these, 14.87 million LINK worth $212.9 million were sent to Binance to enhance liquidity. The remaining 4.12 million LINK, valued at $56.2 million, went to a multisig wallet, a recurring practice since 2022.

Trader ETH 50x's Strategies

A trader known as 'ETH 50x' engaged in conflicting trades with LINK. On March 14, the trader opened a leveraged 10x position worth $31,000 and bought 863,174 LINK ($12.1 million) in spot markets. The trader later sold portions of these holdings, resulting in a $4 million loss on Hyperliquid, prompting the platform to revise its margin requirements.

This update is intended to maintain healthier margin requirements and reduce the systemic impact of large positions with hypothetical impact upon market closeout.Hyperliquid

Market Reaction and Outlook

Despite recent events, LINK's price increased by 4% to $13.90, partially offsetting a 12% weekly decline. At the same time, the price remains 27% lower than a month ago. Future outlooks depend on market conditions and the demand for Chainlink's oracle services. ETHNews analysts believe sustained price recovery is possible under more favorable market conditions.

Chainlink continues its strategy of regular token unlocks while individual traders contribute to market volatility. The overall picture of LINK's dependency on programmed liquidity and individual strategies underscores the complexity of current market conditions.

0

Share

Other news

Bitcoin Open Interest Increase and Its Market Impact

Prices and weak demand push Bitcoin investors towards caution.

user avatarGiorgi Kostiuk

7 minutes ago

Qubetics: Opportunities and Prospects of the New Cryptocurrency

Qubetics offers innovative blockchain solutions with high ROI potential and real utility. Learn all about this project's aspects.

user avatarGiorgi Kostiuk

12 minutes ago

U.S. Regulators Under Pressure as Coinbase Demands Clarity

Coinbase seeks transparency from U.S. regulators, filing Freedom of Information Act requests for clarity on regulatory actions.

user avatarGiorgi Kostiuk

16 minutes ago

Arctic Pablo Coin: A Second Chance for Crypto Investors

Arctic Pablo Coin offers new opportunities for investors after Brett's success with its unique presale structure.

user avatarGiorgi Kostiuk

17 minutes ago

Trump's Trade War: Impacts on Various Industries

How is Trump's trade war affecting the U.S. economy? Discover which industries are thriving and which are struggling due to the imposed tariffs.

user avatarGiorgi Kostiuk

17 minutes ago

Comparing Solana, Polkadot, and Qubetics in the Crypto World

Overview of Solana and Polkadot's roles and the emergence of Qubetics in blockchain.

user avatarGiorgi Kostiuk

18 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.