strong buy
Chainlink's Large Unlocking Could Signal Price Rise
The wallets with non-circulating supply of $LINK have transferred 17.8 million tokens, worth $149 million, to Binance.
Throughout its history, Chainlink has experienced 11 major unlockings, predominantly accompanied by price increases.
The wallets with non-circulating supply, linked to the company, hold tokens not actively traded, having been accumulated from ICOs and reserve funds.
Considering this pattern of unlockings and historical price reactions, there's a potential for price movement around these events.
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AI Analysis
The transfer of 17.8 million LINK tokens from wallets associated with the company to Binance indicates a significant unlocking event. Historically, Chainlink has experienced 11 such major unlockings, ...
AI Recommendation
Given the historical context where unlockings have often been followed by price increases, it would be prudent for investors to consider a cautious optimism. If holding LINK, closely monitor the price...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.