Chainlink Unlocks 19 Million LINK: Major Transfers to Binance and Multisig Address Revealed

On March 15th, COINOTAG reported significant activity within the Chainlink network. Insights from on-chain analyst Yu Jin reveal a substantial quarterly unlock of Chainlink (LINK) tokens, where approximately 19 million LINK—valued at around $262 million—was moved from two non-circulating addresses. This release includes 14.875 million LINK, roughly $205 million, which has been allocated to Binance, a leading cryptocurrency exchange. Additionally, 4.125 million LINK, valued at about $57.04 million, has been transferred to the 0xD50…8Af multisig address. This significant movement of assets not only highlights the ongoing liquidity adjustments within the Chainlink ecosystem but also emphasizes potential strategic positioning ahead of market fluctuations. Investors and stakeholders should monitor these developments closely as they may influence Chainlink’s market dynamics.