Chainlink’s 21 million LINK unlock sends $166M on-chain transfer into focus

A transfer of 21 million LINK worth $166 million has put Chainlink’s quarterly unlock under the spotlight. Following the unlock, 18.375 million LINK valued at $144.93 million was deposited to Binance, according to Arkham. Traders are split on whether the movement signals routine distribution and liquidity provision or potential sell pressure.