Chainlink Unlocks 19 Million LINK... 14.87 Million Moved to Binance

Doohyun Hwang

Summary

Chainlink regularly unlocks a significant amount of LINK quarterly, and this time 14.87 million were moved to Binance, according to the report.
Some of the unlocked LINK is moved to multisig addresses and used for LINK staking reward payments, the report stated.
After this unlock, LINK is trading at $13.8 on Binance, up 4.63%, according to the report.

Chainlink (LINK) has completed its quarterly token unlock.

According to on-chain analyst EmberCN on the 14th (local time), out of the 19 million LINK ($262 million) released this time, 14,875,000 (approximately $205 million) were transferred to Binance. The remaining amount (4,125,000) was sent to a multisig address.

Chainlink regularly unlocks 10-20 million LINK every three months, with a significant portion flowing into Binance. Some are moved to multisig addresses or used to pay LINK staking rewards.

Since 2022, a total of 163.65 million LINK (approximately $1.81 billion) has been unlocked with an average transfer price of $11.06. As of 10:55 AM today, LINK is trading at $13.8 on Binance's Tether (USDT) market, up 4.63%.

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