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JUST IN: Chainlink unlocks 11.25 million $LINK tokens ($258M)
Here’s what happened:
10.625M $LINK (worth $243.5M) was sent to Binance, likely for trading or liquidity.
625K $LINK (worth $14.4M) went to a multi-signature wallet (a secure wallet that requires multiple approvals) with the address “0xD50”.
What does this mean? When large amounts of tokens are unlocked and sent to exchanges, it can increase the supply available for trading. This might lead to price changes, so it’s something to watch closely if you hold $LINK.
$SHIB Will Hit $1 or $0.01? The likelihood of SHIB reaching $1 or even $0.01 is highly dependent on various factors. Here's a detailed analysis:
1. SHIB Reaching $1 Circulating Supply: SHIB currently has a circulating supply of about 589 trillion tokens. For SHIB to hit $1, its market cap would need to be: $589 trillion, which is more than the GDP of the entire world and highly unrealistic.
Massive Token Burns Required: For $1 to be achievable, a large percentage of SHIB's supply must be burne