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Chainlink unlocks $165M in LINK tokens amid price drop and whale accumulation

Technical Signals
04 Apr 2026
Tokenpost
View Source
Bearish
pluang ai news

Chainlink recently unlocked 17.875 million LINK tokens worth about $165 million, with most sent to Binance, signaling potential sell pressure. Despite a 7% monthly price drop and a 60% decline over six months, whale wallets holding over one million LINK increased by 25%, indicating accumulation by large investors. The token's value is pressured by ongoing supply expansion for staking rewards, but institutional pilots with firms like Mastercard and J.P. Morgan may support future demand. Recovery depends on reduced token unlocks and stronger market adoption.

More News (LINK)

Bitcoin dips amid cautious market; Ethereum rises on selective investor interest.

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Chainlink's CCIP crosses $21B in transfers, backing $62B in tokens across 60+ blockchains

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Whale wallets accumulate Bitcoin as price rises 3.25%, signaling buyer strength and limited selling pressure.

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Technical Signals
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Aave adopts Chainlink CCIP as default cross-chain protocol after $7.2B shifts from LayerZero post $292M exploit

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