Over $250 million worth of Chainlink (LINK), the leading blockchain oracle service, has recently been observed flowing towards cryptocurrency exchanges.

According to analyst Ali Martinez, on June 22nd alone, traders deposited a staggering 18.77 million Chainlink (LINK), valued at approximately $256.20 million, onto digital asset exchanges for potential open market sales.

Since this influx, LINK’s market price has seen a decline, currently trading at $13.03.

Turning to Ethereum (ETH), Martinez highlights that the top smart contract platform has just recorded its highest surge in daily active addresses since March.

“Ethereum has witnessed its largest spike in active ETH addresses in three months, totaling 617,170 active addresses.”

At the time of reporting, Ethereum is trading at $3,375.

Martinez also notes an increase in social media confidence surrounding Ethereum.

Regarding Bitcoin, Martinez points out a decline in exchange-related on-chain activity, suggesting waning investor interest and reduced network utilization.

As of now, Bitcoin is priced at $62,265.

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