Santiment Warned About Five Altcoins! "Watch the Prices, Whales Are On the Move!"

Bitcoin (BTC), Ethereum (ETH) and altcoins experienced sharp get dumped amid the tensions between the US, Iran, and Israel.

As the BTC price dropped to around 98 thousand dollars, significant get dumped were also experienced in ETH and altcoins.

However, following news that Iran and Israel have reached an agreement, BTC and altcoins have turned green, while Santiment issued a volatility warning for some altcoins.

The cryptocurrency analysis platform Santiment has revealed the four altcoins that whales transfer to exchanges the most.

According to this, Santiment stated that significant transfers to exchanges have been observed in five altcoins.

Among these, PAX Gold (PAXG), Space ID (ID), Gala (GALA), Aethir (ATH), and Pendle (PENDLE) are included.

"PAX Gold, Space ID, Gala, Aethir and Pendle are among the altcoins showing whale transfers of over 1 million dollars to centralized exchanges. Especially when a coin's high percentages of supply are transferred to a CEX, be prepared for volatility."

Large altcoin entries into exchanges are generally interpreted as preparations for selling.

Since whales may be preparing to offload their positions, it often signals potential selling pressure and increased volatility. As such, whale transfers can increase short-term volatility for these altcoins and affect price movements. At this point, too, investors should keep an eye on PAX Gold, Space ID, GALA, ATH, and PENDLE, as increased stock market transfers could be a signal of increased selling pressure.

*This is not investment advice.

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