{"id":2971,"date":"2024-12-21T09:52:00","date_gmt":"2024-12-21T01:52:00","guid":{"rendered":"http:\/\/www.tocoin.com\/?p=2971"},"modified":"2024-12-21T13:32:05","modified_gmt":"2024-12-21T05:32:05","slug":"11-25-million-link-were-unlocked-and-transferred-from-three-chainlink-non-circulating-supply-addresses-equivalent-to-approximately-258-14-million","status":"publish","type":"post","link":"http:\/\/tocoin.com\/index.php\/2024\/12\/21\/09\/52\/00\/2971\/","title":{"rendered":"11.25 million LINK were unlocked and transferred from three Chainlink non-circulating supply addresses, equivalent to approximately $258.14 million"},"content":{"rendered":"\n<p>According to on-chain analyst Yu Jin, the quarterly Chainlink unlock occurred 3 hours ago, with 11.25 million LINK (worth $2.5814 billion) transferred out from 3 non-circulating supply addresses of Chainlink.<\/p>\n\n\n\n<p>Of these, 10.625 million LINK (worth $2.4382 billion) were transferred to Binance, and 0.625 million LINK (worth $14.32 million) were transferred to the 0xD50&#8230;8Af multisig address.<\/p>\n\n\n\n<p>Every three months, around 10-20 million LINK from Chainlink&#8217;s non-circulating supply addresses are unlocked.<\/p>\n\n\n\n<p>Most of these are directly transferred to Binance, while a small portion is transferred to the 0xD50&#8230;8Af address (the LINK transferred to this address enters the LINK staking reward distribution contract, which is used to reward staking users).<\/p>\n\n\n\n<p>Since 2022, approximately 144.65 million LINK ($1.548 billion) have been unlocked and flowed into Binance through the above method, with an average transfer price of $10.7.<\/p>\n\n\n\n<p>Although a large amount of LINK is unlocked and flows into Binance quarterly, it has not had a significant impact on the LINK price after each transfer to Binance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to on-chain analyst Yu Jin, the quarterly Cha [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"_links":{"self":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/2971"}],"collection":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/comments?post=2971"}],"version-history":[{"count":1,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/2971\/revisions"}],"predecessor-version":[{"id":2988,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/2971\/revisions\/2988"}],"wp:attachment":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/media?parent=2971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/categories?post=2971"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/tags?post=2971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}