CandleFocus Chainlink Unlocks 11.25 Million LINK Tokens, Potential Price Impact
2024-12-22
Author: Content Editor
Crypto project Chainlink has unlocked an additional 11.25 million LINK tokens, worth approximately $258 million. The majority of these tokens were sent to the Binance exchange, while a smaller portion went to a multi-sig wallet. Since August 2022, Chainlink has unlocked a total of 157 million LINK tokens, with 136.5 million deposited directly to Binance. The influx of new tokens into the market has raised concerns about a potential price decline, and LINK's value has already dropped 20.6% in the last week. However, recent activity by large investors, including a purchase of $2 million worth of LINK tokens by a project associated with former US President Donald Trump, suggests growing confidence in the token's long-term potential.
Related News
‘This Isn’t a Token Casino’: IOTA Founder Details Project’s Real-World Successes Trump appoints former college football player, GOP House nominee Bo Hines to head crypto council Ethereum (ETH) Price Prediction For December 22 ISIS Crypto Fundraiser Mohammed Chhipa Faces 20 Years After Conviction in Virginia What happened in crypto this week Why Crypto Market is Up Today? Bitcoin Surges To Above $98,000 Trump appoints former college football player, GOP House nominee Bo Hines to head crypto council $BONK Price Targets 123% Breakout: Key Levels to Watch Top Crypto Gainers Today, $DF and $MOCA Lead Altcoin Surge PNUT Price Breakout Could Trigger 300% Surge to $3.0491 WOW EARN x MEY Network: Revolutionizing Content Monetization with Web3 & Blockchain Technology XRP Price May Fall to $1 as in 2018, Bollinger Bands Signal ApusCoin Adopts Cross-Chain Token Standard in Partnership with Chainlink Cardano’s Charles Hoskinson to meet Democratic Senators in push of bipartisan crypto agenda SUI, BGB, ENA and VIRTUAL show strength as Bitcoin looks for direction Don’t Like XRP Coin? Here Are 3 Alternative Coins You Can Buy Market Predictions Focus on CEEK, CHZ, and FLOKI Coins HYPE, Horizen, IMX: Top cryptocurrencies to watch this week Shiba Inu Falls When The Price Target Of $0.00001429 Is Reached Here’s How Much Shiba Inu You Need to Hold to Retire Early FTT Tops Gainers List with 8% Surge While Crypto Market Declines Chainlink price double bottoms as whales accumulate ‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto Lofi Partners with Fox Wallet to Innovate Sui Network with a Dynamic Ecosystem Shiba Inu (SHIB) Eyes Epic 35 Trillion SHIB Bearish Imbalance UAE Holding $40 Billion Worth Bitcoin? Truth or Rumor? ApeCoin Breaks Support Levels and Targets $2.10 in Bullish Rally Watch Out: 25 Altcoins to Experience Massive Token Unlocking in Calm Week – Here’s the Day-by-Day, Hour-by-Hour List From lab to ledger: Human keys secure scientific integrity | Opinion XRP Battles Critical $2.20 Support Level — Will It Target $2.70 Or Slip To $1.96? Charles Hoskinson Reflects on Cardano’s Journey and Future AVAX Continues Its Slide And Returns To Its $24 Low Securitize proposes adding BlackRock's BUIDL token as Frax USD stablecoin backing Here is the Calendar for the Cryptocurrency Market to Follow in the New Week Cardano (ADA) Historical Pattern Hints Major Breakout Ahead: Analyst Will Shiba Inu Price Hold Critical Support Amid Market Volatility? Bitcoin (BTC) Price Prediction for December 22 Bitcoin FUD Hits Highest Point of the Year: What Does This Mean BTC Bull Run? Ethereum Set To Move Up Against Bitcoin, According to Analyst Benjamin Cowen – Here’s His Outlook Ethereum advocate makes a case for Saylor-like investors in the ETH space Bitcoin price is still undervalued, MVRV indicator shows Starboard targets Riot Platforms’ inefficiencies in a plan to unlock billion-dollar growth $818 Million in Bitcoin (BTC) Change Unknown Hands Will HYPE Bulls Break Resistance After Its All-Time High? MicroStrategy Bitcoin purchases surpass 2021 bull market levels 2024 was a great year for stablecoins. 2025 will be even better XRP Price Prediction for December 22 Bitcoin social sentiment drops to yearly low, signaling BTC breakout $1.1 Billion Withdrawal Pushes Solana’s (SOL) TVL to Monthly Low Analysts Discussed: “Bitcoin Should Never Go Below This Level, Crash Could Be 100 Times Worse Than FTX and LUNA Crashes” 3 Token Unlocks to Watch Next Week What is Operation Choke Point 2.0? Trump vows to end it Stablecoin Frenzy: USDE Nears $6B as USD0 Rockets Past $1B in Market Supply ? Elon Musk's SpaceX uses stablecoins to hedge against foreign exchange risks BitTorrent (BTT) Tops the Market, but the Trend May Not Hold A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve Bitcoin’s (BTC) $2.25 Billion Exchange Outflow May Fuel Its Return to an All-Time High Renowned Economist Shares Bitcoin Price Prediction for 2 Months and 6 Months From Now BaFin and ECB approve Germany’s DekaBank for crypto custody Shiba Inu (SHIB) Price Hits Pre-Pump Levels: What's Happening? Metamask-Mastercard crypto debit card faces backlash: Is it the future of crypto payments? DOGE to Moon or Ground? Dogecoin Creator Breaks Silence on 2025 Forecast Trump Pitched ‘Massive’ $280 Trillion Price Bitcoin Reserve To Save The Dollar Adam Back Says MicroStrategy (MSTR) Is 'Stupidly Cheap' Windows and Android Might Be Dangerous for Crypto Holders, According to CryptoQuant CEO Solana (SOL) Extreme Weakness: Key Reason Revealed Quantum computing will fortify Bitcoin signatures: Adam Back Almost No New XRP Investors Coming: Details Analyst Identifies Timeline for XRP to Hit $41, Citing Tesla Path with a Factor of 10 SendAI Unleashes Solana Agent Kit, Enahancing Blockchain Power Optimism airdrop: how to position yourself for the 6th round of crypto rewards 20 Trillion SHIB Next as Shiba Inu Price Drops 6%: Details ADA, DOGE, SOL Dump Hard Again as BTC Slides Below $97K (Market Watch) Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting Permianchain and Vertical Data Team Up to Bring GPU-as-a-Service to MENA Despite Bitcoin's 10% Drop, Over $20M in Old Coins Find New Homes Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols Chainlink Unlocks 11.25 Million LINK Tokens, Potential Price Impact Dogecoin Drops 30% from Yearly Highs, Risks Falling Below $0.20 Afghanistan’s Taliban actively trades crypto memecoins despite imposing nationwide ban Bitgert Collaborates with Solana to Enhance the Blockchain Sector Memecoin and Altcoin steal the scene from the dominance of Bitcoin XRP Price Prediction For December 22 Signals not good for the crypto of Hedera (HBAR) Whale Alert: Market Observer Highlights Ongoing PEPE Accumulation BREAKING: Founder of This Altcoin Added to Interpol’s Most Wanted List UAE Interior Ministry and FSRA Partner to Combat Virtual Assets-Related Crime Bitcoin’s Future in Focus: 4 Economic Variables for 2025 Solana Approaches Key 200 EMA Level :Traders Watch for Market Rebound Bouncing Lows, Mining Woes, and Fartcoin Highs UniLend Collaborates with SoonChain to Explore Innovative Web3 Possibilities Altcoin Season Chances Drop, But 3 Indicators Point to Potential Revival GraniteShares Crypto ETFs Target U.S. Crypto-Related Stocks Render: Can whales push RNDR to $8.13 after a 40% dip? Crypto Hedge Funds Banking Issues Persist Over Recent Years Solanex and Unich Partner to Empower Web3 Users with AI Tools Here’s the case for VIRTUAL sustaining its upside after 33% hike Ripple’s Momentum Signals New Highs: Is XRP’s Next Big Break Near? Cardano (ADA) Could Fall 15%, Here’s Why Crypto Prices Today December 22: BTC Below $97K, SOL Drops 7%, WIF Falls 13% Hyperliquid breaks records, what’s behind the $11.5B surge? BTC correction ‘almost done,’ Hailey Welch speaks out, and more: Hodler’s Digest, Dec. 15 – 21 Peter Schiff’s FOMO: Why he wants USA coin instead of Bitcoin Binance Futures Adds BFUSD for Portfolio Margin BREAKING: Founder of This Altcoin Added to Interpol’s Most Wanted List
