Whales have transferred six major altcoins to exchanges, suggesting potential large sell-offs in the near future. The altcoins include Worldcoin, Staked Ethereum, and Maker, and their movement increases the risk of price drops. Despite the crypto market recovering by 2%, the sell-offs by whales could potentially reverse these recent gains. Data from Santiment shows that the altcoins have been moved to various exchanges in large amounts, indicating that investors may be preparing to sell or reposition their holdings. This increase in exchange deposits often signals that prices may drop due to higher supply. Some of these altcoins have experienced gains of 10% to 30% over the past week, but there are concerns that large holders may start selling and cashing in profits. While these transfers do not guarantee immediate price changes, they do highlight ongoing activity in the crypto market.
Content Editor ( coinpedia.org )
- 2025-01-30
Crypto Market Recovers, But These 6 Altcoins Are at Risk of a Major Price Drop!
