Chainlink unlocked another 11.25M LINK ($258M) from 3 Noncirculating supply contracts in the past 2 hours, of which:

• 10.625M LINK ($243.5M) was directly deposited to Binance;
• 625K LINK ($14.4M) was sent to the multi-signature wallet 0xd50f074ec5c7997ce1daacb513ec194c480878af to distribute staking rewards to users.
• These actions were done by the entity Chainlink Noncirculating Supply

Notably:

• Chainlink has been unlocking LINK every 3 months since August 2022, totaling 157M LINK ($1.73B). Among these tokens, around 136.5M LINK ($1.52B) were directly deposited to Binance at an average price of $11.1.
• Despite massive unlocks and CEX deposits, the LINK price seems stable or even rising following the unlocks.
• Chainlink still has 361.5M LINK ($8.45B) left across 15 out of the 24 noncirculating supply contracts.

Fig 1. Chainlink's latest LINK unlock and current holdings.

Fig 2. Chainlink has 157M LINK ($1.73B) since August 2022.