Massive Chainlink Token Unlock Sparks Sell-Off Fears

Chainlink has released 17.875 million LINK tokens valued at approximately $165 million in its scheduled quarterly unlock, according to on-chain data. Of the newly unlocked supply, 14.875 million LINK, worth about $125 million, was transferred directly to the Binance cryptocurrency exchange. Market analysts note that such heavy inflows into exchanges typically signal anticipated sell-side activity. The post Massive Chainlink Token Unlock Sparks Sell-Off Fears appeared first on BeInCrypto.