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Chainlink Unlocks Tokens Worth $215 Million

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by Giorgi Kostiuk

2 years ago

  1. Massive Token Unlock
  2. Transfers to Binance and Multisig
  3. Total Token Unlock Volume


    4. Chainlink recently carried out a massive token unlock worth $215 million, sparking significant interest in the community.

    Massive Token Unlock

    Data shows that 18.75 million LINK worth $215 million was unlocked from Chainlink contracts.

    Transfers to Binance and Multisig

    Out of the unlocked tokens, 18.12 million LINK ($208 million) were sent to Binance. Meanwhile, 625 thousand LINK ($7.18 million) were transferred to the Multisig 0xD50f wallet.

    Total Token Unlock Volume

    Since August 2022, Chainlink has been unlocking tokens every three months, totaling 145.75 million LINK worth $1.5 billion. Of these, 126 million LINK ($1.28 billion) were sent to Binance at an average price of $10.13.

    Despite massive token unlocks and centralized cryptocurrency exchange deposits, LINK price appears stable and even occasionally rises. Currently, LINK is trading at $11.30. Developers still hold 372.75 million tokens worth $4.27 billion across 24 different wallets.

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