Chainlink Unlocks Tokens Worth $215 Million

by Giorgi Kostiuk

2 years ago

Made with AI

Massive Token Unlock
Transfers to Binance and Multisig
Total Token Unlock Volume

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.

Tier I

Sector: #18291

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Meme Cache

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Equipment Cache

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Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

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