In the last 24 hours, Bitcoin (BTC) and altcoins have experienced a sharp decline, with the BTC price jumping to $94,000. Although BTC later recovered, the impact of the decline is felt more in altcoins.
While market analysts think that an overheated market environment after the rise in November is behind this decline, cryptocurrency analysis platform Santiment announced which altcoins whales moved to exchanges.
At this point, Santiment noted that whales transferred more than $25 million worth of altcoins during and after yesterday's drop.
He listed some of these altcoins as follows: Wrapped Bitcoin (WBTC), Uniswap (UNI), Ethena (ENA), Chainlink (LINK).
“Tracking the largest crypto whale transactions moving to centralized exchanges, we see over $25 million in transfers from assets like WBTC, UNI, ENA, and LINK.”
According to Santiment's post, it was seen that $38.6 million worth of WBTC; $34.2 million worth of UNI; $25.2 million worth of LINK; $25.1 million worth of LDO; $20 million worth of Ethereum (ETH) transfers came from whales.
https://twitter.com/santimentfeed/status/1866379425425817757
*This is not investment advice.
