These tokens were transferred from the protocol's non-circulating reserve to Binance, the biggest cryptocurrency exchange by trading volume, according to a June 21 report by blockchain analysis platform LookOnChain. Since the routine started in 2022, this is the eleventh unlock. $LINK
Iran has said it might close the Strait of Hormuz, an important waterway for oil trade. But experts think it’s not likely to happen.
If Iran did block the strait, it could upset nearby countries and important trade partners. It might also hurt Iran’s own economy—especially its oil trade with Asia. China, which buys most of Iran’s oil, could be unhappy with such a move.
So, while Iran talks tough, experts believe it will not follow through. #IsraelIranConflict
📉 Key Market Highlights The crypto markets are in sharp decline yesterday following significant geopolitical turmoil:
• Bitcoin (BTC) has plunged below $BTC 100K, marking its lowest point since early May. This sharp drop was triggered by U.S. airstrikes on Iran’s nuclear facilities, sparking over $1 billion in liquidations and affecting 240,000+ traders within 24 hours.
• Ethereum $ETH dropped around 8%, currently hovering near $2,444 after briefly dipping to $2,371 before a slight recovery.
• Solana $SOL Dogecoin (DOGE), $XRP Cardano $ADA, and other major altcoins also saw losses between 7–8%, with SOL trading close to $128.82.
📍 This downturn reflects the heightened risk-off sentiment in global markets as investors react to rising geopolitical tension and uncertainty.
$149M worth of $LINK was recently transferred to Binance by #Chainlink. Yesterday, the exchange received 17.875 million tokens from non-circulating wallets. Every time this occurs, people become anxious. However, historically? Price pumps followed the majority of #LINK unlocks. #ShareYourTrades