Chainlink Unlocks 19M LINK Tokens Worth $262M, Transfers $205M to Binance

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  • Chainlink’s quarterly token unlock transfers millions of LINK tokens to Binance, maintaining market stability despite large volumes.  
  • Despite millions of LINK tokens being released, Chainlink’s price remains stable, reflecting predictable market behavior.

The decentralized Oracle network Chainlink has completed its quarterly token unlock, releasing 19 million LINK tokens. This unlock involved moving approximately $262 million in LINK from two non-circulating supply addresses.

A portion of these tokens, about 14.875 million LINK, valued at $205 million, was transferred directly to Binance, while the remaining 4.125 million LINK, worth $57.04 million, was moved to a multi-signature address.

Chainlink’s quarterly token unlocks have become a predictable event in the crypto market. The network unlocks 10 to 20 million LINK tokens from non-circulating supply addresses every three months.

Typically, most of these tokens are transferred to Binance, with a smaller portion directed to the 0xD50 multisig address. This multisig address plays a major role in the LINK staking reward distribution contract, which is responsible for rewarding staking users.

In the current unlock, the 14.875 million LINK transferred to Binance had the largest share. The remaining 4.125 million LINK was directed to the 0xD50 multisig address, which will likely be used for staking rewards.

History of Chainlink’s Token Transfers to Binance

As reported in our previous post, Chainlink has unlocked and transferred millions of LINK tokens to Binance since 2022. Nearly 163.65 million LINK tokens, valued at approximately $1.81 billion, have been moved to the exchange through multiple quarterly unlocks. The average price per LINK token transferred was $11.06.

Despite the large volume of tokens being unlocked and transferred to Binance, this action has not resulted in any short-term price fluctuations for LINK. The recurring transfer of tokens to Binance is factored into the market, with no major drop in price following these unlock events.

Even with large amounts of LINK being unlocked and transferred to Binance, the impact on LINK’s price has been minimal. Chainlink’s price has remained stable after each unlock event despite millions of LINK tokens being influxed into the market.

This stability may reflect a higher recognition within the market that these unlocks are a recurring, predictable event. As such, investors and traders may not view these transfers as a cause for concern. Looking ahead, Chainlink is expected to continue its quarterly unlock process, likely resulting in millions of LINK tokens again flowing into Binance.

Chainlink’s Regular Unlocks Continue Without Disruption

Chainlink’s quarterly unlock events have become an established part of its tokenomics. Each release sees millions of LINK tokens transferred to Binance, contributing to the exchange’s liquidity, while a portion of the tokens is reserved for staking rewards.

Despite the large volumes being unlocked, the impact on LINK’s price remains negligible, with each transfer being absorbed by the market. As Chainlink moves forward with its tokenomics strategy, the quarterly unlock process will likely remain a regular feature of the network’s operations.





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