Chainlink for hundreds of millions headed to the exchanges, and interest in Ethereum is increasing

More than a quarter of a billion dollars worth of movement in Chainlink (LINK) was recently tracked to crypto exchanges.

Analyst Ali Martinez noted that within 24 hours on June 22, traders transferred millions of LINK tokens to digital asset exchanges, possibly for sale on the open market.

“Within a single day, 18.77 million Chainlink (LINK) tokens, valued at around $256.20 million, were transferred to crypto exchanges!” reported Martinez.

Since these transfers, the price of LINK has dropped, currently trading at $14.01.

A spike in Ethereum activity

Turning to Ethereum (ETH), Martinez emphasized , that the top smart contract platform recently saw its largest increase in daily active addresses since March.

"Ethereum just witnessed its biggest jump in active ETH addresses in three months, reaching a total of 617,170 addresses".

Additionally, social media metrics point to growing trust among the Ethereum community.

At the time of writing, ETH is trading at $3,396.

Declining interest in Bitcoin

Regarding BTC Martinez pointed out signs of waning investor interest.

"Bitcoin has seen a drop in chain exchange activity, indicating a decline in investor interest in BTC and reduced network usage."

At the time of writing this article Bitcoin traded at $61,524.