Bitcoin (BTC) and altcoins, affected by the tension between Israel and Iran, continue to move volatilely. Santiment warned that volatile movements are expected to continue these days as the FED interest rate decision approaches.
Cryptocurrency analysis platform Santiment has warned about the altcoin called Eurite.
Eurite (EURI), ranked 521st by market cap, saw around 10% of its entire supply move to Binance, according to Santiment data.
Stating that this situation means selling pressure and volatility for the price, Santiment warned investors to be careful.
Santiment stated that altcoins such as Neiro, PEPE, and Maple Finance (SYRUP) were also transferred to exchanges, although not as much as Eurite.
“Eurite, the 521st largest cryptocurrency by market cap and valued at $50.9 million, saw around 10% of its entire supply move to Binance.
Historically, coins appearing on Santiment’s whale CEX deposit dashboard may see large sell-offs that could lead to volatility.”
*This is not investment advice.
