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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Jan 30, 2025 08:52 UTC
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Crypto Whales Are Dumping Altcoins! Top 6 Risky Tokens Revealed
Whales transferred six major altcoins to exchanges, possibly signaling large upcoming sell-offs.
Worldcoin, Staked Ethereum, and Maker among tokens moved, increasing risk of price drops.
Crypto market recovers by 2%, yet whale sell-offs could reverse recent gains.
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!
Whale Activity Points to Potential Price Drops
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;
- Worldcoin (WLD): 0.21% of its total supply was sent to Bybit.
- Staked Ethereum (stETH): 0.20% of its supply was transferred to Bybit.
- Mantra (OM): 0.20% of its supply moved to Binance.
- Reserve Rights (RSR): 0.14% of its supply was sent to Binance.
- Maker (MKR): 0.12% of its supply was transferred to Coinbase.
- Movement (MOVE): 0.08% of its supply moved to KuCoin.
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.
Beating the Downtrend
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.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
With whales making their moves, the next few days could offer a clearer picture of where the market is headed.
FAQs
The best altcoin to buy depends on market trends, but investors should consider strong performers like Mantra (OM), which recently surged by 32%.
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