Chainlink tops ERC-20 development activity charts while a massive token transfer to Binance sparks market buzz.
Chainlink saw a massive transfer to the Binance exchange in the last 24 hours, raising speculations about how the price would react.However, more intriguing data reveals that a significant volume of LINK tokens was transferred to an exchange in the last 24 hours, possibly signaling further market movement.has seen the highest development activity among ERC-20 tokens in the past 30 days, outperforming Ethereum and other major assets.
Further analysis reveals that LINK’s development activity has been on an uptrend since a sharp drop at the end of July. This token unlock is part of Chainlink’s quarterly schedule, where about 20 million LINK are moved every three months.
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