Posted 9/17/2023, 9:18:50 PM

Chainlink Transfers $119M in LINK Tokens, Sparking Price and Circulating Supply Concerns Despite Key Partnerships

Recent transfers of 18.75 million LINK tokens from Chainlink wallets to platforms like Binance have sparked concerns about the asset's price stability.
The transfers amount to $119 million worth of LINK, further circulating the token's supply.
LINK's price has declined 20% over the last year and is down 88.7% from its all-time high as more tokens enter circulation.
However, Chainlink continues to score key partnerships with traditional finance players like SWIFT, BNY Mellon, and ANZ Bank.
Whale wallet addresses acquiring millions in LINK signals enthusiasm about the project's future despite circulating supply concerns.

beincrypto.com

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