Chainlink Unlocks 17.875 Million LINK Tokens Worth $149M in Scheduled Quarterly Release

HKAN | June 24

Chainlink, the leading decentralized oracle network, has released 17.875 million LINK tokens, valued at approximately $149 million, as part of its scheduled quarterly token unlock, according to a recent report.

 

This release is part of Chainlink’s long-term token distribution strategy, aimed at funding development, expanding operations, and incentivizing ecosystem growth.

 

 

Details of the Token Unlock

 

Amount Unlocked: 17.875 million LINK

 

Estimated Value: $149 million USD

 

Unlock Frequency: Quarterly

 

Destination Wallets: Development fund, node operator rewards, and ecosystem grants

 

 

The tokens are not immediately dumped into the market; they are typically distributed to multiple wallets that support the protocol’s growth.

 

 

Why It Matters

Token unlocks are pre-scheduled events that can influence market sentiment, depending on the amount released and the destination of the funds.

 

For Chainlink, these unlocks are part of its transparent vesting process, with LINK tokens used for:

 

Ongoing protocol development

 

Team and advisor compensation

 

Node operator and staking incentives

 

Strategic ecosystem initiatives

 

 

Despite concerns of market impact, these unlocks are often priced in by experienced investors, as Chainlink publishes a clear schedule in advance.

 

 

 

LINK Price Reaction

While the market response has been relatively stable, traders and analysts are monitoring on-chain activity for any large movements to exchanges.

Historically, Chainlink's unlocks have had limited short-term price impact, though they do increase circulating supply.

 

 

Final Thoughts

Chainlink’s latest token unlock of 17.875 million LINK underscores its ongoing commitment to scaling the network and supporting the ecosystem. As one of the most widely integrated oracle providers in the blockchain space, Chainlink continues to play a critical role in connecting smart contracts to real-world data.

 

 

Track LINK price history, unlock schedules, and real-time analytics now on Real-Time Price , Price History , Candlestick charts