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<p>The latest supply event from Chainlink is back in focus as the network completed its routine quarterly unlock, releasing nearly 19 million LINK tokens into the market. While this process isn’t new, the size, timing, and on-chain activity around it are catching attention.</p>
<h2 class="wp-block-heading" id="h-165m-link-moved-binance-sees-bulk-inflows"><strong>$165M LINK Moved, Binance Sees Bulk Inflows</strong></h2>
<p>According to on-chain tracker Yu Jin, around 19 million LINK tokens, worth roughly $165 million, were moved from non-circulating wallets. Out of this, about 14.37 million LINK (nearly $125 million) was sent to Binance, while 4.62 million LINK (around $40 million) went to a multi-signature wallet.</p>
<figure class="wp-block-image size-large"><img width="1024" height="526" src="https://image.coinpedia.org/wp-content/uploads/2026/04/04105651/link-toke-unlock-1024x526.webp" alt="link token unlock">
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<p>Data from <a href="https://x.com/embercn/status/2040221269380178009?s=46" rel="noopener noreferrer nofollow">EmberCN </a>confirms the same movement, noting that the unlock came from three separate supply addresses. Adding to this, <a href="https://x.com/EyeOnChain/status/2040284720655950232?s=20" rel="noopener noreferrer nofollow">EyeOnChain </a>pointed out that three wallets tied to Chainlink’s non-circulating supply quietly pushed 14.37 million LINK to Binance within a short window, calling it a routine but closely watched transfer that often makes traders pause and reassess.</p>
<p><strong><em>Also Read : <a href="https://coinpedia.org/price-analysis/chainlink-price-stalls-as-whale-accumulation-quietly-builds-momentum/" rel="noopener noreferrer nofollow">Chainlink Price Stalls as Whale Accumulation Quietly Builds Momentum</a></em></strong></p>
<p>In a separate move, <a href="https://x.com/Darkfost_Coc/status/2040186515159142892" rel="noopener noreferrer nofollow">Cryptoquant data suggests</a> that 4.9 million LINK worth $42 million was also transferred to Binance during a low-volume weekend, including a single 2.5 million LINK transaction.</p>
<h2 class="wp-block-heading" id="h-what-happens-to-these-link-tokens"><strong>What Happens to These LINK Tokens?</strong></h2>
<p>This follows Chainlink’s usual pattern of unlocking 10–20 million LINK every three months. Most tokens are routed to exchanges, while a smaller portion is directed toward staking-related wallets.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p><em>“Most of this is transferred to Binance, with a small portion going to the 0xD50…8Af address (LINK transferred to this address partially enters the LINK staking rewards distribution contract, used to distribute rewards to LINK staking users).</em></p>
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<p>The multi-signature wallet receiving part of the funds is linked to staking reward distribution, helping support users participating in the network. So while some tokens add to the circulating supply, others are used to sustain ecosystem incentives.</p>
<h3 class="wp-block-heading" id="h-link-price-holds-steady-despite-supply-pressure"><strong>LINK Price Holds Steady Despite Supply Pressure</strong></h3>
<p>Following the unlock, LINK is trading around $8.64, with a 24-hour volume of over $343 million. <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" rel="noopener noreferrer nofollow">Chainlink Price</a> action remains relatively flat, down 0.08% in the past hour and 0.43% over the past day.</p>
<p>The circulating supply now stands at over 727 million LINK, against a maximum supply of 1 billion.</p>
<h3 class="wp-block-heading" id="h-whales-quietly-build-positions"><strong>Whales Quietly Build Positions</strong></h3>
<p>At the same time, data from <a href="https://x.com/santimentfeed/status/2039840228656009460?s=20" rel="noopener noreferrer nofollow">Santiment </a>shows a <a href="https://coinpedia.org/price-analysis/chainlink-link-sees-rising-whale-accumulation-as-binance-outflows-spike/" rel="noopener noreferrer nofollow">steady rise in large holders</a>. Wallets holding 1 million or more LINK increased from 100 in April 2025 to 125 in April 2026.</p>
<p>While the unlock adds short-term supply pressure, this steady accumulation suggests larger players are positioning early, even as the broader market remains under pressure.</p>

Chainlink Unlocks 19M LINK, $165M Moved to Market

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