Blockchain oracle service Chainlink has undergone a quarterly token unlock of 19 million LINK worth over a quarter of a billion dollars.
According to pseudonymous on-chain analyst Ember CN, two Ethereum (ETH) addresses unlocked and transferred 19 million LINK tokens worth $262 million to new wallets.
Of the unlocked tokens, Ember CN says $205 million worth of LINK was sent directly to Binance, the world’s largest crypto exchange by trading volume. An additional $57 million worth of LINK was transferred to a separate multi-signature address.
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Says Ember CN,
“Every three months, Chainlink’s non-circulating supply address will unlock about 10 to 20 million LINK. Most of them will be transferred directly to Binance, and a small part will be transferred to the 0xD50…8Af address (the LINK
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