Chainlink Unlock: $264 Million Worth Of LINK Tokens Sent To Binance, Will This Trigger A Crash To $10?
Summary
Chainlink recently unlocked 21 million LINK tokens, with the majority going to Binance. This influx may lead to a potential price crash, as LINK has already declined by 8% in the past week. The unlock saw 18.25 million tokens sent to Binance, and another 2.25 million to a multisig wallet. Despite previous unlocks leading to price spikes, the current market conditions could result in further declines, with LINK trading at $13.64 and potentially falling to $10. There are still 391.5 million LINK tokens left to be unlocked, worth $5.4 billion.
