Chainlink has unlocked 17.875 million LINK tokens worth $149 million, transferring the majority to Binance. This release coincided with significant exchange inflows totaling $225 million in LINK moved to trading platforms, intensifying market sell pressure.
The token unlock contributed to LINK’s price decline of over 5% within 24 hours and a 30% drop over the past month. Large transfers including 1.9 million LINK deposited to Binance signaled heightened selling activity, reflecting Chainlink’s historical pattern where unlocked token movements often precede downward price pressure.
Despite short-term volatility, Chainlink maintains its critical role in decentralized finance through oracle services, cross-chain interoperability, and compliance frameworks. Market sentiment remains divided, with traders monitoring exchange flows while long-term investors express confidence in Chainlink’s fundamental infrastructure.