LINK Unlocking and Distribution: Some are selling, some are planning… Chainlink has just completed a new round of token unlocking: approximately 19 million LINK (about $165 million) flowed out to non-circulating addresses. Among them: about 14.37 million entered exchanges, approximately 4.62 million went to multi-signature addresses (used for staking rewards). This type of operation actually follows a pattern — it happens every quarter, mostly flowing to exchanges, with a smaller portion allocated for ecosystem distribution. But the key has never been “unlocking,” but rather how the funds will be used next.