Chainlink Unlock: $264 Million Worth Of LINK Tokens Sent To Binance, Will This Trigger A Crash To $10?

Quick Summary:

Brace yourself as new LINK tokens perpetually flood the market.

Chainlink, as part of its periodical unlocks, recently unlocked 21 million LINK tokens, valued at $295 million, from five of its non-circulating supply contracts.

A look through the chart below shows that three of the last four unlocks preceded eventual price spikes for LINK.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: LINK Chainlink LINKUSDT LINK tokens LINK unlock LINK price Chainlink price Chainlink unlock LINKUSD LINK news Chainlink news Chainlink

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 05:30:02 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21380162

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 3 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 17 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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