Chainlink ($LINK) Unlocks 11th Batch of Supply

Chainlink ($LINK), one of the famous cryptocurrencies, has unlocked its 11th batch of supply today. This move has captured investor attention despite current volatility.

LookonChain, a crypto analytics platform, revealed that a non-circulating wallet of $LINK has been unlocked, and $14.875M coins have been deposited to Binance. This supply unlock follows a pattern where 9 out of 10 previous unlocks saw $LINK’s price increase within 30 days, suggesting potential bullish momentum ahead.

> The #Chainlink non-circulating supply wallet unlocked and deposited 14.875M $LINK ($216M) to #Binance again today.
>
> Before this, #Chainlink had unlocked 10 times in total, and 9 of them saw price increases 30 days after unlocking. https://t.co/edlAW6psdb
> — Lookonchain (@lookonchain) March 15, 2025

Chainlink Tokenomics, Current Price Trend, and Market Volatility

The total supply of $LINK is 1 billion coins, and out of that, 657M coins have been unlocked after today’s event. The current price of LINK is $14.04, experiencing moderate volatility, ranging from $13.25 to $14.61 in the past 24 hours. The token showcases extreme volatility over the past month with a -6.71% drop to a +30.50% increase, demonstrating sensitivity to market sentiment. A fully diluted valuation of $14.2 billion, based on the maximum supply, puts the cryptocurrency’s market capitalization at $9.07 billion.

$LINK Shows Upward Momentum Within 30 Days

Whenever new supply is unlocked, the price of the coin typically falls temporarily due to increased supply and decreased demand. However, $LINK tends to show an increase in price within a month, occurring almost 90% of the time. This trend may continue if institutional stockpiling persists. Recently, whale interest in LINK has notably increased, suggesting that the coin can absorb the latest supply unlock effectively.

In conclusion, 90% of previous supplies of $LINK have seen a price increase within 30 days. This 11th supply unlock is expected to follow the historical bullish momentum of the coin.