Chainlink Quarterly Unlock Completed, Around 19 Million LINK Released to the Market

BlockBeats News, April 4th, according to EmberCN monitoring, the once-every-three-month Chainlink token unlock was completed about 1 hour ago. This time, a total of approximately 19 million LINK (about $165 million) was unlocked and transferred from 3 non-circulating supply addresses.

On-chain data shows that approximately 14.375 million LINK (about $125 million) has been transferred to Binance, and about 4.625 million LINK (about $40.1 million) has been transferred to the multi-signature address 0xD50...8Af.

It is reported that Chainlink usually unlocks approximately 10 million to 20 million LINK from the non-circulating supply every quarter, with the majority flowing into Binance and a small portion going to the aforementioned multi-signature address. The funds are further used for the LINK staking reward distribution contract to support staking user yield allocation.