Over a quarter billion dollars worth of Chainlink (LINK) tokens have been transferred to crypto exchanges, according to analyst Ali Martinez.
LINK Deposits Surge
On June 22nd, 18.77 million LINK tokens, valued at approximately $256.20 million, were sent to exchanges. This has led to a drop in LINK’s price, which is currently trading at $13.03.
Ethereum Activity Jumps
Meanwhile, Ethereum (ETH) has experienced a surge in daily active addresses, reaching a total of 617,170. This is the largest increase in three months. Martinez also notes growing confidence in Ethereum on social media.
Bitcoin Interest Wanes
In contrast, Bitcoin (BTC) is showing signs of diminished investor interest. Exchange-related on-chain activity has declined, indicating reduced network usage and investor interest.
