On June 22, 2025, the Chainlink team transferred 17.875 million LINK tokens to Binance wallets, causing market volatility.
Transfer of LINK Tokens to Binance
Chainlink's developer team initiated the transfer of 17.875 million LINK tokens from non-circulating wallets to Binance. This transaction, recorded on public blockchain data, equates to a value between $149 million and $224 million.
Market Reaction to the Transfer
The immediate impact involved a 1.8% decline in LINK price, reflecting investor caution. According to on-chain analytics, this transfer has shown a modest influence on correlations with other assets like BTC and ETH.
Historical Data and Forecasts
Historical trends suggest that in nine out of the last ten major LINK unlock events, a price drop followed within 30 days. Analysts predict short-term volatility while observing similar patterns from past events.
The transfer of LINK tokens to Binance continues to attract market attention and remains under analysts' observation. Volatility is expected to persist, with monitoring of the outcomes of these unlocks being critical for understanding future dynamics.
