CandleFocus

This Altcoin Had a Massive Token Unlock – 208 Million Dollars Sent to Binance

Chainlink (LINK) recently unlocked a large number of tokens, with 18.75 million worth $215 million being released from out-of-circulation supply contracts. Binance received 18.12 million units, valued at $208 million, while 625 thousand units worth $7.18 million were transferred to the Multisig 0xD50f wallet. Since August 2022, a total of 145.75 million tokens worth $1.5 billion have been unlocked, with 126 million tokens worth $1.28 billion sent directly to Binance. Despite these token unlocks, the LINK price has remained stable and even risen at times. Developers still hold 372.75 million tokens worth $4.27 billion in various wallets.

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