- The decentralized Oracle network Chainlink has released 19 million Link tokens worth around $ 269 million.
- Around 14.87 million Link tokens worth $ 212 million were transferred to Binance as part of the regular token sharing from Chainlink.
Chainlink has completed its recent quarterly token approval and released 19 million link tokens worth around $ 269 million. Laut Spot On Chain the 19 million link that were unlocked were distributed between Binance and a multi-signature wallet. Out of the 19 million links that were unlocked, 14.875 million link worth $ 212.9 million was sent to Binance, the world’s largest cryptocurrency exchange, while the remaining 4.125 million link worth $ 56.2 million was transferred to a multi-signature wallet called “0xD50”
Since August 2022, Chainlink has unlocked a total of 176 million link, which originally had a value of $ 2 billion, but have now increased to $ 2.43 billion at current market prices. Of the total number, 151.3 million link directly from Binance were deposited at an average price of $ 11.41, which underlines the central role of Binance in link trading.
Chainlink follows a structured schedule for the release of tokens and releases 10 to 20 million link from his non -circulating stock every three months. A significant part of this token is transferred to Binance, while a smaller part of the address 0xD50… 8AF is assigned. The purpose of these regular activations is to support chainlink growth. In detail, development projects are financed, incentives for knot operators are created and liquidity provided for trade.
This distribution model has remained constant over the years and shows the strategic approach of Chainlink in its token economy. Despite the routine unlocks, Chainlink still holds 342.5 million link worth $ 4.7 billion. This considerable reserve underlines the long -term commitment of the project for network growth and ensuring constant supply of tokens for liquidity provision.
Market reaction and whale activity
Yesterday has a whale Invested 7.1 million USDCto purchase 506,226 link at an average price of $ 14.03. In order to finance this purchase, the whale sold 1,108.83 ETH for USDC 2.1 million and borrowed another 5 million USDC from Spark. This transaction indicates an optimistic mood for the link, since large investors apparently position themselves for a potential price increase. The combination of these whale purchases and the structured token management strategy from Chainlink could contribute to a continuing dynamic for link in the near future.
At the time of the creation of this article becomesLINK to $ 14.03 And ranks 12th with a market capitalization of $ 9.19 billion. In addition, the trading volume has dropped by 2.47 % and was $ 677.55 million.
From the point of view of the technical analysis, Link faces a short -term resistance at $ 15 and a medium -term resistance at $ 17. According to analysts Will LInk increases to $ 22 or higher in the coming months, with the help of favorable market conditions and increasingly in -catching intitations.
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