dailyhodl.com
Over a quarter billion dollars worth of Chainlink ($LINK), the leading blockchain oracle service, has been spotted headed to crypto exchanges.
Analyst Ali Martinez says that within a 24-hour period on June 22nd, traders deposited millions of $LINK to digital asset exchanges where they could be sold on the open market.
$LINK has dropped since the tokens were sent to exchanges, currently trading at $13.03.
Looking at Ethereum ($ETH), Martinez reports that the top smart contract platform just experienced its largest jump in daily active addresses since March.
“Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active $ETH addresses.”
The analyst also says that based on social media metrics, “the crowd” is now growing more confident in Ethereum.
At time of writing, Ethereum is trading for $3,375.
As for Bitcoin, Martinez says that the crypto king is showing signs of diminished interest from investors.
“Bitcoin is experiencing a downturn in exchange-related on-chain activity, indicating decreased investor interest in BTC and reduced network usage.”
At time of writing, Bitcoin is trading at $62,265.
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