Whales’ Transfers Spark Concerns for Altcoin Stability – BitRss

Following the Federal Reserve’s recent interest rate decision on January 29, the cryptocurrency market has become increasingly volatile. Notably, six altcoins are facing significant risk of loss due to rising transfers to exchanges by whales. According to data released by the analysis platform Santiment on January 30, coins like Worldcoin (WLD) and Movement (MOVE) have seen the highest movement to exchanges. This heightened activity raises concerns about potential selling pressure on these altcoins in the short term.

Which Altcoins Are Highlighted by Santiment Data?

Santiment’s analysis indicates that in the last 24 hours, the standout altcoins in whale exchange transfers include WLD and Lido Staked ETH ($3,212.33) (stETH). A total of 0.21% of Worldcoin’s supply has been transferred to Bybit, while 0.20% of stETH has also moved to the same exchange.

Whale Altcoin Transfers

Mantra (OM ($4.76)) and Reserve Rights (RSR ($0.01)) also saw significant transfers, moving 0.20% and 0.14% of their total suppl…