The well-established project Chainlink, launched in 2014, transferred approximately $100 million worth of LINK from non-circulating supply wallets to Binance.
A major lock opening took place on the Chainlink front. According to data from Etherscan Owned by Chainlink developer team filled with millions of uncirculated LINK from 4 different wallets approximately $119 million worth 18.75 million LINK entered circulation. These unlocked LINK’s approximately 98.5 million at current price dollar worth 15.7 million cryptocurrency exchange to Binance transferred.
With this latest transfer, it is removed from supply wallets that are not in circulation. in the last year in total 5 times The transfer has been made to Binance. From the wallets in question, respectively, 17.5 million LINK, 14.55 million LINK, 6.1 million LINK And 17.95 million LINK transfer was made. Following the majority of transfers, the LINK price experienced a significant depreciation.
Same addresses approximately 3 month ago too 21 million LINK He had unlocked it. Chainlink team, who made a statement about the issue at that time, said that these released tokens intra-project subsidies And oracle rewards He stated that it would be used for
According to CoinGecko data, in parallel with the unlocking around 2% LINK losing value $6.40 from level to $6,263 decreased by . LINK at the time of writing from $6,271 is being traded.