The post Chainlink team deposits 18.75 million tokens worth $387 million appeared on BitcoinEthereumNews.com.

Key Takeaways What triggered the recent downward pressure on Chainlink’s price?  The market crash, combined with the Chainlink team unlocking and depositing 18.75 million tokens into Binance, intensified selling pressure. What do technical indicators suggest about LINK’s short-term outlook? With the Stochastic RSI at 18 and DMI at 8, LINK shows strong bearish momentum and could drop to $15.5 if conditions persist. After the market crash, Chainlink [LINK] plummeted 65.3% to a 2-year low of $7.9 before rebounding. At press time, Chainlink was trading at $17.39, marking a 21.89% decline on the daily charts.  Amid this market breakdown, the Chainlink team made a very unexpected move, causing further market tension.  Chainlink team unlocks 18.75 million tokens Surprisingly, amid market turmoil, the Chainlink team unlocked 18.75 million tokens, from non-circulating supply, worth $387 million according to Onchain Lens.  Shortly after, the team deposited these tokens into Binance after a 4-month dormancy. When non-circulating supply enters circulation, it negatively impacts price in the short term if demand fails to match.  Typically, moving tokens into exchanges precedes selling activity, which in turn causes intense downward pressure on an asset. Historically, Chainlink wallet transfers have aligned with periods of poor performance on LINK’s price charts.  Retail investors also dump aggressively Interestingly, as the market started to decline, small-scale investors on the spot market also rushed to cash out.  According to Coinalyze, Chainlink recorded 11.46 million in sell volume, compared to 10.1 million. As a result, the market recorded a negative buy-sell delta of -1.36 million, a clear sign of aggressive selling.  Source: Coinalyze Furthermore, exchange activity also echoed this selling trend. On the 10th of October, Exchange inflow reached a 7-month high of 16.4 million, before dropping to 2 million on the 11th of October.  Source: CryptoQuant As a result, Exchanges Netflow also jumped to…

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Filed under: News - @ October 11, 2025 10:20 am