Posts

Showing posts with the label on-chain data

Ethereum Spot Volume Declines While Long-Term Holders Continue Accumulating

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Chainlink Unlocks 19,000,000 LINK Worth $262,000,000, Sends Majority to Binance: On-Chain Data

Image
Blockchain oracle service Chainlink has undergone a quarterly token unlock of 19 million LINK worth over a quarter of a billion dollars. According to pseudonymous on-chain analyst Ember CN, two Ethereum (ETH) addresses unlocked and transferred 19 million LINK tokens worth $262 million to new wallets. Of the unlocked tokens, Ember CN says $205 million worth of LINK was sent directly to Binance, the world’s largest crypto exchange by trading volume. An additional $57 million worth of LINK was transferred to a separate multi-signature address. Says Ember CN, “Every three months, Chainlink’s non-circulating supply address will unlock about 10 to 20 million LINK. Most of them will be transferred directly to Binance, and a small part will be transferred to the 0xD50…8Af address (the LINK transferred to this address enters the LINK staking reward distribution contract and is used to distribute rewards to LINK staking users). Since 2022, nearly 1...