A wallet affiliated with the decentralized oracle network Chainlink team transferred tens of millions of dollars of LINK to cryptocurrency exchange Binance.
At an address linked to the Chainlink team 15 December An unexpected activity was seen on the day. Quoted by blockchain analyst EmberCN to data according to not in circulation 2 different Chainlink supply wallets $162 million worth 11.25 million LINK unlocked and this amount 128 million dollars part of 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 6 times The transfer has been made to Binance. The last time the team did a similar transaction, the LINK price experienced a slight decrease, but in the following days with rapid rises It attracted attention.
Transactions made piecemeal through two different wallets attracted the attention of investors. But regarding these transactions to inform It was made by the Chainlink team in the past period.
The team will make transfers from wallets out of circulation to exchanges from time to time and these released tokens with in-project subsidies oracle rewards He stated that it would be used for
Finally September at the beginning of the month 18.75 million LINK was circulated by the team in the same way.
According to CoinGecko data, in the last 24 hours due to transfers 8% decrease living LINK, $15.3 from level for $14.1 declined. LINK at the time of writing from $14.4 is being traded.