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 an exchange, 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 an exchange 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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