Chainlink Unlocks 21 Million LINK Tokens Quarterly, Worth $166 Million
Svmuu News: According to on-chain analyst Yu Jin, Chainlink’s quarterly unlock took place 3 hours ago, with 21 million LINK unlocked and transferred from four non-circulating supply addresses, valued at $166 million.Of these, 18.375 million LINK were transferred to Binance, valued at $145 million; 2.625 million LINK were transferred to the multi-signature address 0xD50...8Af, valued at $20.8 million.Each quarter, Chainlink’s non-circulating supply addresses unlock approximately 10 to 20 million LINK, most of which are transferred to Binance, with a small portion going to the 0xD50...8Af; the portion of LINK transferred to this address enters the LINK staking reward distribution contract, which is used to distribute rewards to LINK stakers.
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