The post Chainlink moves $149 million in LINK to Binance amid fresh token unlock appeared on BitcoinEthereumNews.com.

Chainlink non-circulating supply wallets have moved 17.875 million LINK tokens worth $149 million to Binance. This comes after today’s scheduled unlock and continues the trend of transferring unlocked LINK tokens to the exchange. According to Lookonchain, which reported the transfers, this is the eleventh unlock of tokens linked to the Oracles platform. The unlocks, which happen quarterly, have been accompanied by massive transfers of most of the supply to Binance. While transfers to exchanges represent signs of potential sell-off, the frequent Chainlink transfers to Binance might be a way to increase LINK liquidity on the exchange, given that this is where most of its trades happen. LINK unlocks over the years (Source: Lookonchain) Interestingly, almost 170 million LINK tokens have been sent to Binance since August 2022, representing around 80% of the tokens that have been unlocked. At the current price above $12, the value of LINK tokens that have moved to Binance in the last four years is over $2 billion. However, there is still more to come, given that over 300 million LINK tokens remain locked and scheduled for future release. LINK is struggling despite a history of post-unlock gains Meanwhile, LINK has seen a 3% decline in value over the last 24 hours, continuing its struggle to grow all year. While the decline coincides with the unlocks, the increase in selling pressure and higher circulating supply is not necessarily why the LINK price dropped. Instead, LINK decline today is part of the broader crypto market dip in the last 24 hours due to rising tensions amid the ongoing war between Israel and Iran. Bitcoin fell 2% to $103,000 within that period, and altcoins declined too. Still, LINK has struggled for some time and has gained 22.69% in 30 days. Compared to other major cap altcoins, such as…

---

Filed under: News - @ June 21, 2025 1:26 pm