Chainlink has released 19 million LINK tokens, raising market concerns about potential price impacts.

These tokens, valued at $341 million, were transferred to Binance and a multi-sig wallet.

Despite this significant release, LINK's price has seen a modest gain, suggesting a positive market response.

Analysts watch for potential resistance at the $20 level, indicating further price movements could be influenced by market speculation and FOMO, leading to increased volatility.