After a recent market crash triggered by the Chinese AI model Deepseek, the cryptocurrency market is slowly finding its footing. Bitcoin has climbed back to $105K, and the overall market is up by 2%. But just as things are returning to normal, a warning has emerged.
A leading on-chain market intelligence platform has flagged six altcoins that could soon face a sharp price drop. Why? Because whales are preparing to offload these tokens.
If you own any of these tokens, now is the time to pay attention!
Data from Santiment shows that, in the last 24 hours, six major altcoins with market caps between $800 million and over $5 billion have seen large transfers to various crypto exchanges. This could indicate that investors are getting ready to sell, trade, or adjust their positions.
Here’s a breakdown of the most notable moves;
Increased deposits to exchanges often suggest that investors are preparing to sell. This could lead to price drops as the market gets flooded with more supply.
Despite the recent market downturn, some of these altcoins have managed to buck the trend, posting gains of 10% to 30% over the past week. Leading the pack is Mantra (OM), which has surged by an impressive 32% in just seven days, with a market cap of $5 billion.
However, this sharp rise has sparked concerns that large holders of these tokens might start offloading their holdings to lock in profits.
While these transfers don’t guarantee immediate price changes, they do highlight the ongoing activity in the crypto market, even during quieter periods.
With whales making their moves, the next few days could offer a clearer picture of where the market is headed.
The best altcoin to buy depends on market trends, but investors should consider strong performers like Mantra (OM), which recently surged by 32%.
UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…
The crypto market is always shifting based on global money trends, but a new debate…
XRP holders are finding themselves at a crossroads as recent market trends raise questions about…
Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…
Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…
According to historical footprints in the global crypto market, festive seasons are always important for…