Chainlink released 19M LINK ($269M) from 2 noncirculating supply contracts to the market as part of its quarterly unlock in the past 55 minutes, of which:

• 14.875M LINK ($212.9M) was directly deposited to Binance;
• 4.125M LINK ($56.2M) was sent to the multi-signature wallet 0xd50f074ec5c7997ce1daacb513ec194c480878af to distribute staking rewards to users.
• These actions were done by the entity Chainlink Noncirculating Supply

Since August 2022, Chainlink has unlocked 176M LINK (then $2B, now $2.43B). Among these tokens, 151.3M LINK was directly deposited to Binance at an average price of $11.41.

Chainlink still holds 342.5M LINK ($4.67B) across multiple noncirculating supply contracts.

The LINK price dropped 3.59% in the past hour.

Fig 1. Chainlink unlocked 19M LINK ($269M) just now.

Fig 2. The overall LINK unlocking history of Chainlink.