Chainlink Unlocks 19 Million Tokens and Moves to Binance

Chainlink has unlocked 19 million LINK tokens worth approximately $269 million, according to its quarterly schedule.

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Of the 19 million LINK unlocked, 14.875 million LINK ($212.9 million) was sent to Binance , increasing liquidity on the exchange. 4.125 million LINK ($56.2 million) was transferred to multi-signature wallet 0xD50 .

Chainlink has maintained this distribution model for many years. As of August 2022, Chainlink has unlocked 176 million LINK, worth approximately $2.43 billion at current prices.

Of this, 151.3 million LINK were deposited directly into Binance at an average price of $11.41.

Despite these transactions, Chainlink still holds 342.5 million LINK, worth $4.7 billion, across multiple out-of-circulation supply contracts.

Hyper-Liquid Traders Move to LINK
Lookonchain Spots “ ETH 50x Big Guy ” Whale Turning to LINK After Losing $4 Million on Hyperliquid.

On March 14, the whale opened a $31,000 long position on LINK with 10x leverage on Hyperliquid and GMX , purchasing 863,174 LINK worth $12.1 million.

However, blockchain data indicates that the whale gradually reduced his LINK holdings through multiple small swaps to stablecoins just hours after opening the buy position.