CandleFocus Analytics Firm Issues Warning for 6 Altcoins: “Whales May Be on the Move”
2024-12-02
Author: Content Editor
Cryptocurrency analysis company Santiment has noticed an increase in transfers made by whales, large investors, to centralized crypto exchanges for certain altcoins. The altcoins receiving the most transfers include Eigenlayer, Ethena, Worldcoin, Wrapped Bitcoin, Pepe, and Chainlink. Although these transfers are relatively small compared to the tokens' market value, they occurred in just one day and are ranked highly. This could indicate that whales are looking to sell some of their holdings. While Bitcoin's rally may minimize the impact on these altcoins, there is still a risk of a potential pullback in the short term.
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