- Chainlink transferred 17.875M LINK tokens to Binance.
- Market reactions included a 1.8% LINK price dip.
- Historical precedents suggest short-term sell pressure.
Chainlink’s core team moved 17.875 million LINK tokens, worth up to $224 million, to Binance wallets on June 21, 2025, causing market volatility.
Chainlink’s core developer team initiated a transfer of 17.875 million LINK tokens from non-circulating wallets to Binance. This transaction, recorded on public blockchain data, equates to a value between $149 million and $224 million. According to @lookonchain, “In nine out of the last ten major LINK unlock events, a price drop followed within 30 days.”
Key figures, such as Sergey Nazarov, have not commented on this specific move. However, the focus remains on Chainlink’s infrastructure role within blockchain ecosystems. The action aligns with historical liquidity strategies.
The immediate impact involved a 1.8% decline in LINK price, reflecting investor caution. Correlations to other assets, like BTC and ETH, have shown modest influence post-transfer according to on-chain analytics.
Financial implications remain evident as liquidity increases on Binance. Market experts predict short-term volatility while observing historical patterns of stabilization after similar events. Additional insights can be gathered from AI experts like Ai 姨.
The absence of official commentary from Binance and regulatory authorities leaves room for speculative market sentiment. Community responses focus on potential sell pressure.
Historical trends suggest that price drops follow such token unlocks. Past events have occasionally aided liquidity, attracted institutional engagement, or served speculative interests. Ongoing market analysis will monitor these outcomes.
