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19M Chainlink tokens moved to Binance amid quarterly unlock, raising selling pressure concerns.

Market News
04 Apr 2026
Crypto news
View Source
Neutral
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Chainlink moved 19 million LINK tokens during a low-liquidity weekend, with about 14.375 million LINK sent to Binance as part of its regular quarterly unlock. This large transfer, worth around $165 million, has drawn attention due to potential increased selling pressure from the added exchange supply. LINK traded near $8.63 with weak momentum and an RSI below 50, indicating cautious market sentiment. The exact purpose of the transfer remains unclear, but it may relate to treasury management or staking rewards distribution.

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