Crypto Whales Trigger Altcoin Selling: Major PEPE, LINK, and SOL Transfers to Binance Shake Market
On-chain analysis highlights a surge in selling activity by crypto whales across key altcoins. A notable PEPE whale transferred 1 trillion PEPE tokens (worth $11.65 million) to Binance after holding for 21 days. This investor previously withdrew 2.2 trillion PEPE (then worth $27.68 million) from Binance and still retains 1.2 trillion PEPE ($14 million), realizing a $1.95 million loss. Additionally, four wallets, likely linked to the same whale, sent 356,000 LINK tokens (approx. $4 million) to Binance, resulting in a strong $2.43 million profit after buying on Kraken at $7.03 per token. Meanwhile, a Solana (SOL) whale unstaked and transferred $7.52 million worth of SOL to Binance but continues to hold $168 million SOL in staking. These large-scale transfers from whales into major exchanges signal elevated selling pressure and could trigger short-term volatility for altcoins like PEPE, LINK, and SOL. Crypto traders should remain cautious and actively monitor these tokens for increased price swings following these whale activities.
Bearish
Large-scale transfers of PEPE, LINK, and SOL from whale addresses to Binance suggest intent to sell, which typically leads to increased selling pressure and short-term downward price pressure on these altcoins. Historical trends show that when whales move significant holdings to exchanges, it often precedes price declines or triggers heightened volatility. The fact that these transactions span multiple altcoins and result in both realized losses and impressive profits signals opportunistic profit-taking and risk-off sentiment among major holders. In the near-term, the market is likely to respond with increased caution, leading to price drops or instability across PEPE, LINK, and SOL. Long-term impact will depend on subsequent whale activity and whether broad market sentiment absorbs the selling, but immediate outlook remains bearish.