Whale Transfers Signal Sell Pressure for Key Altcoins on Exchanges

Quick Summary:

Data from Santiment’s Centralized Exchange Deposits Dashboard reveals substantial altcoin transfers to exchanges, indicating potential sell pressure from whales.

Investors should closely monitor these projects for signs of short-term price retracements as some of the market’s largest altcoins experience significant shifts.

This suggests that large holders plan to sell some of their holdings.

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Article Details

Author / Journalist: Izabela Anna

Category: Crypto

Markets: India

Topics: Bitcoin Worldcoin (WLD) News Top Crypto News Pepe (PEPE)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 07:00:00 (2 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 129 words

Reading Time: 1 minutes read

Sentences: 52 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 24085098

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Main Topics: Crypto

Official Website: coinedition.com

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News Last Updated: 16 hours ago

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