Cryptocurrency analytics firm Santiment has highlighted the large transfers made by individual whales to centralized exchanges amid the surge in altcoin markets.
According to data shared by the company, many altcoins have been moved from millionaire wallets to exchanges in recent hours, which may indicate selling pressure.
The most notable transfer was on the Eurite (EURI) side, with a $3.3 million transfer that took place eight hours ago, equivalent to 7.38% of the token’s total supply.
Other important whale transfers highlighted by Santiment are as follows:
- Ethena-USDe (USDe): $7.7 million (0.16%)
- Pepe (PEPE): $6.3 million (0.16%)
- Ondo Finance (ONDO): $3.3 million (0.12%)
- Ethena (ENA): $2.1 million (0.12%)
- Maker (MKR): $1.7 million (0.13%)
- Illuvium (ILV): $1.4 million (1.25%)
- Mantra DAO (OM): $1.1 million (0.32%)
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It is important to note that these show the largest individual whale transfers made during the day, not the total centralized cryptocurrency exchange transfers made by whales in these altcoins.
While a significant portion of the transfers were to Binance, the world’s largest cryptocurrency exchange, one each was made to Bybit and OKX.
*This is not investment advice.