Recently, a trade worth over 2.5 billion US dollars in Chainlink (LINK) was traced to a cryptocurrency exchange.
Analyst Ali Martinez pointed out that within 24 hours of March 22, traders transferred millions of LINK tokens to digital asset exchanges, possibly for sale in the public market.
“Within a day, 187,700 Chainlink (LINK) tokens, worth about 256.2 billion US dollars, were transferred to cryptocurrency exchanges!” reported Martinez.
Since these transfers, the price of LINK has declined, with the current trading price at 14.01 US dollars.
Rise in Ethereum Activity
Turning to Ethereum (ETH), Martinez emphasized that the top smart contract platform has recently seen the largest increase in daily active addresses since March.
“Ethereum just witnessed the largest increase in active ETH addresses in three months, reaching 617,170 addresses.”
In addition, social media indicators show that trust among the Ethereum community continues to grow.
At the time of writing, the trading price of ETH is 3,396 US dollars.
Decline in Interest in Bitcoin
Regarding BTC, Martinez pointed out signs of declining investor interest.
“The on-chain transaction activity of Bitcoin has decreased, indicating a decline in investor interest and reduced network usage.”
At the time of writing this article, the trading price of Bitcoin is 61,524 US dollars.
