After Partial Recovery, Developers Unlock $243 Million Tokens In This Altcoin
While the cryptocurrency market is experiencing a slight recovery, developers in one altcoin have released a large amount of tokens from locked wallets.
According to data, Chainlink (LINK) altcoin developers unlocked 11.25 million LINK worth $258 million hours ago and moved $243 million of them to cryptocurrency exchange Binance.
The remaining assets, $14.4 million, were transferred to a multisig wallet with the address starting at 0xD50.
Since August 2022, Chainlink developers have unlocked 157 million LINK, worth $1.73 billion, and transferred $1.52 billion of that directly to Binance. The average price per token transferred to Binance was measured at $11.1.
LINK price is trading at $23.01 at the time of writing.
The Chainlink development team currently has 361.5 million LINK tokens worth $8.45 billion, which are held in 15 different key supply contracts.
Currently, the total market value of Chainlink's circulating supply is at $14.67 billion.
*This is not investment advice.
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.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
