Recently, a value of over $2.5 billion in Chainlink (LINK) transactions has been traced to cryptocurrency exchanges.
Analyst Ali Martinez pointed out that within 24 hours on March 22nd, traders transferred millions of LINK tokens to digital asset exchanges, potentially for sale on the open market.
“In one day, 187,700 Chainlink (LINK) tokens, worth around $256.2 billion, were transferred to cryptocurrency exchanges!”
Reported by Martinez.
Since these transfers, the price of LINK has seen a decrease, with the current trading price at $14.01.
Turning to Ethereum (ETH), Martinez emphasized that the top smart contract platform has seen the largest spike in daily active addresses since March, reaching 617,170 addresses.
“Ethereum just witnessed the largest spike in active ETH addresses in three months.”
Additionally, social media indicators show increasing trust among the Ethereum community.
At the time of writing, ETH’s trading price is $3,396.
Regarding BTC, Martinez pointed out signs of decreased investor interest.
“The on-chain transaction activity for Bitcoin has decreased, indicating a decline in investor interest and reduced network usage.”
At the time of writing this article, the trading price for Bitcoin is $61,524.
