Chainlink's Quarterly Unlock Sparks Sell Pressure Concerns

Chainlink, a leading provider of blockchain infrastructure, has released a significant amount of LINK tokens in its latest quarterly unlock.

The company unlocked 17.875 million LINK worth about $165 million, which has raised concerns about sell pressure and structural dilution. The move has also led to increased whale accumulation, with 125 large-tier addresses holding 1 million or more LINK over the past year.

Despite the bearish price action, Chainlink continues to expand its enterprise footprint, establishing pilots with global entities like Swift, Mastercard, and J.P. Morgan for tokenized assets and cross-chain functionality.