Crypto Whales Don Trigger Altcoin Sell: Big PEPE, LINK, and SOL Transfer Go Binance Shake Market
On-chain analysis dey show say crypto whales dey sell plenty key altcoins. One big PEPE whale move 1 trillion PEPE tokens (worth $11.65 million) go Binance after e hold am for 21 days. This investor before don withdraw 2.2 trillion PEPE (worth $27.68 million then) from Binance and e still get 1.2 trillion PEPE ($14 million) but e suffer loss of $1.95 million. Plus, four wallets wey fit get connection with the same whale send 356,000 LINK tokens (around $4 million) go Binance, make strong profit of $2.43 million after dem buy am for Kraken at $7.03 per token. Meanwhile, one Solana (SOL) whale unstake and transfer SOL worth $7.52 million go Binance but e still dey hold SOL worth $168 million in staking. This big transfer from whales weside main exchanges dey show say selling pressure dey high and fit cause short-term wahala for altcoins like PEPE, LINK, and SOL. Crypto traders make dem dey careful and dey watch these tokens well well for any big price change after these whale movement.
Bearish
Plenty big big transfer of PEPE, LINK, and SOL from whale address go Binance show say dem wan sell, and this one dey usually cause more selling pressure plus short-term price fall for these altcoins. How e be before show say if whales move plenty amount go exchange, e dey often come before price drop or make market dey shake well well. The fact say these transactions cover plenty altcoins and e cause both losses wey dem realize and fine profits mean say big holders dey do opportunistic profit-taking plus wan reduce risk. For near time, market fit go respond with more caution, fit make price drop or make PEPE, LINK, and SOL unstable. The long-term effect go depend on wetin whales go do next plus if the general market feeling fit take the selling well, but for now, outlook remain bearish.