2024

Wrapped Bitcoin

Worldcoin

Pepe

Chainlink

<ul class="wp-block-list news-points">
 <li><strong>Large altcoin transfers signal potential whale sell-offs and market volatility.</strong></li>
 <li><strong>Bitcoin’s bullish momentum may not shield altcoins from short-term retracements.</strong></li>
 <li><strong>Chainlink bucks the trend, rising 21.93% while other altcoins face declines.</strong></li>
</ul>
<p>Data from Santiment’s Centralized Exchange Deposits Dashboard reveals substantial altcoin transfers to exchanges, indicating potential sell pressure from whales. This suggests that large holders plan to sell some of their holdings.</p>
<p>Investors should closely monitor these projects for signs of short-term price retracements as some of the market’s largest altcoins experience significant shifts. Despite Bitcoin’s bullish momentum, these altcoins remain susceptible to market corrections.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> According to the <a href="https://twitter.com/santimentfeed?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@santimentfeed</a> Centralized Exchange Deposits Dashboard, some of the largest trasnfers of altcoins include Eigenlayer ($2.8M), Ethena ($2.5M), Worldcoin ($2.0M), Wrapped Bitcoin ($4.8M), Pepe ($3.0M), and Chainlink ($1.8M).<br><br>When large levels of an asset's… <a href="https://t.co/TE6Hgz2oYQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TE6Hgz2oYQ</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1863603867318878383?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 2, 2024</a>
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<h2 class="wp-block-heading" id="h-notable-altcoin-transfers-to-exchanges"><strong>Notable Altcoin Transfers to Exchanges</strong></h2>
<p>Among the altcoins with the most significant transfe…</p>
<p>The post <a href="https://coinedition.com/whale-transfers-signal-sell-pressure-for-key-altcoins-on-exchanges/" rel="noopener noreferrer nofollow">Whale Transfers Signal Sell Pressure for Key Altcoins on Exchanges</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Whale Transfers Signal Sell Pressure for Key Altcoins on Exchanges

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Coin Edition

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