SAINLONK Token the Slides Fateh Code to the lowest level since April star-news.press/wp

Chainlink issued 17.875 million links, at a value of $ 149 million, as part of its semester opening.

On June 21, the Blockchain Lookonchain analysis platform said that these symbols were transferred from the non -periodic protocol reserves to Binance, the largest exchange of encryption by trading. This represents the eleventh conquest since the routine began in 2022.

The link faces high pressure pressure

While these events are routine, they often cause discussion between investors because of their impact on the potential market.

Historically, the uncomfortable unlocked chain has turned into central stock exchanges, which can increase the circulating supply and put pressure on the price.

Meanwhile, the conquest also coincided with the height of LINK in the exchange of flows. Data From InTotheblock, about $ 225 million of digital assets moved to stock exchanges this week.

One noticeable transfer, I mentioned By what alert, 1.9 million links, at a value of $ 25 million, were sent from an unknown portfolio to Binance.

Usually, heavy flows to exchange an increase in the increase in the sale side. With the increase in supply, prices tend to soften unless the equivalent demand meets. This trend has weighted the performance of LINK prices in the past months.

According to Beincrypto Data, the distinctive code has decreased more than 5 % over the past 24 hours and is now circulating about $ 11.8, which is its lowest level since April.

LINK decreased by 30 % over the past month and fell 13 % on an annual basis, enhancing the broader landmarks.

However, many long -term holders are still optimistic. They argue that ChainLink is still a critical infrastructure for decentralized financing, thanks to the proof systems to protect it, the functions of the crossed chain, and compliance tools.

These features have made a major player in Oracle Services, especially in supporting Stablecoins and chain assets.

At the present time, however, traders are closely monitoring if the post -look sale process or post -continuity or whether the link can recover from its last decline.