Chainlink’s $166M transfer sparks debate on LINK’s
#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Chainlink’s $166M transfer sparks debate on LINK’s price
Chainlink [LINK] has traded within a strong downtrend. Since the uptrend collapsed at $8.5, the altcoin has been closing at lower lows, reaching a low of $7.7.
As of this writing, Chainlink traded at $7.9, up 1.4% on the daily charts. Despite the extended market weakness, the Chainlink team unlocked its quarterly unlocks, capturing market attention.
Chainlink moves $166 million worth of LINK
On the 20th of June, Chainlink’s quarterly unlock occurred, and 21 million LINK worth $166 million were transferred from non-circulating supply addresses.
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