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Over a quarter of a billion dollars worth of Chainlink (connection), a leading blockchain oracle service, has been spotted heading to cryptocurrency exchanges.
Analyst Ali Martinez says that during a 24-hour period on June 22, traders deposited millions of LINK onto digital asset exchanges where they could be sold on the open market.
“[In 24 hours]18.77 million Chainlink (LINK), worth approximately $256.20 million, were sent to cryptocurrency exchanges!
LINK has declined since the tokens were sent to exchanges, and is currently trading at $13.03.
Looking at Ethereum (Ethereum), Martinez reports that the top smart contract platform just saw its biggest jump in daily active addresses since March.
“Ethereum just saw its largest rise in active Ethereum addresses in three months, reaching a total of 617,170 active Ethereum addresses.”
Analyst too He says Based on social media metrics, the “public” is now more trusting of Ethereum.
At the time of writing, Ethereum is trading at $3,375.
As for Bitcoin, Martinez says the king of cryptocurrencies is showing signs of declining investor interest.
“Bitcoin is seeing a decline in exchange-related on-chain activity, indicating decreased investor interest in Bitcoin and decreased network usage.”
At the time of writing, Bitcoin is trading at $62,265.
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