Greater than 1 / 4 of a billion {dollars} price of motion in Chainlink (LINK) was lately tracked to crypto exchanges.
Analyst Ali Martinez famous that inside 24 hours on June 22, merchants transferred millions of LINK tokens to digital asset exchanges, presumably for sale on the open market.
“Inside a single day, 18.77 million Chainlink (LINK) tokens, valued at round $256.20 million, have been transferred to crypto exchanges!” reported Martinez.
Since these transfers, the value of LINK has dropped, presently buying and selling at $14.01.
A spike in Ethereum exercise
Turning to Ethereum (ETH), Martinez emphasized, that the high sensible contract platform lately noticed its largest enhance in each day lively addresses since March.
“Ethereum simply witnessed its largest soar in lively ETH addresses in three months, reaching a complete of 617,170 addresses”.
Moreover, social media metrics level to rising belief amongst the Ethereum neighborhood.
At the time of writing, ETH is buying and selling at $3,396.
Declining interest in Bitcoin
Concerning BTC Martinez pointed out indicators of waning investor interest.
“Bitcoin has seen a drop in chain alternate exercise, indicating a decline in investor interest in BTC and lowered community utilization.”
At the time of writing this text Bitcoin traded at $61,524.