Another Chainlink token unlocking, a quarterly event, has taken place. According to on-chain data, approximately 21 million $LINK Redirected about 3 hours ago from 4 non-circulating supply addresses belonging to Chainlink.
The current value of these tokens is estimated to be approximately $166 million. 18.37 million $LINK Approximately $145 million worth of tokens were transferred to the Binance exchange. 2,625,000 remaining $LINK Approximately $20.8 million worth of tokens were transferred to multi-signature addresses starting with 0xD50…8Af.
Related news Binance founder CZ: “If Satoshi Nakamoto doesn’t move BTC, his coins should be frozen.”
It is known that it is around 10 million to 20 million. $LINK Tokens will be unlocked from Chainlink’s uncirculated supply address on a quarterly basis. These transfers typically transfer the majority of the tokens to Binance, but some to the address 0xD50…8Af.
Some of the links that forwarded to the address in question were later said to have been redirected. $LINK It is used to enter into staking reward distribution agreements and pay rewards to staking users.
*This is not investment advice.
