Massive Chainlink Token Unlock Sparks Sell-Off Fears
BeInCrypto
Chainlink's latest quarterly token unlock of 17.875 million LINK has raised concerns about potential sell-offs despite rising whale accumulation.Summary
Chainlink has released 17.875 million LINK tokens, valued at approximately $165 million, as part of its scheduled quarterly unlock. A significant portion of these tokens, worth $125 million, was transferred to Binance, fueling market fears of a potential sell-off. While the project faces structural inflation challenges that have negatively impacted its price, data from Santiment reveals that whale wallets holding over 1 million LINK have increased by 25% over the past year, suggesting long-term institutional confidence in Chainlink's role as essential blockchain infrastructure.
(Source：BeInCrypto)