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Whale Movements Indicate Rising Sell Pressure for Major Altcoins Whale Transfers Signal Sell Pressure for Key Altcoins on Exchanges Can DOGE Avoid A Dive? Sell Pressure Puts Memecoin To The Test

Jan / 01
- Whale Movements Indicate Rising Sell Pressure for Major Altcoins
  
  Jan 01, 1970 at 08:00 am CryptoNewsLand
  
  Data from Santiment indicates that major altcoins are being transferred to centralized exchanges, potentially signaling sell-off pressure from large holders. Altcoins like Wrapped Bitcoin, Pepe, Eigenlayer, Ethena, and Worldcoin have witnessed significant deposits, resulting in price adjustments. However, Bitcoin's bullish momentum is mitigating some downward pressure, providing market stability. Investors are advised to monitor altcoins for signs of volatility and make informed investment decisions based on exchange activity and whale movements.
- Whale Transfers Signal Sell Pressure for Key Altcoins on Exchanges
  
  Jan 01, 1970 at 08:00 am Coin Edition
  
  Large altcoin transfers to centralized exchanges suggest impending sell-offs by major holders. Specifically, Eigenlayer, Ethena, Worldcoin, Wrapped Bitcoin, Pepe, and Chainlink have seen substantial inflows. The market anticipates short-term price declines for altcoins due to this potential liquidation, with the exception of Chainlink, which has defied the trend with a 21.93% increase.
- Can DOGE Avoid A Dive? Sell Pressure Puts Memecoin To The Test
  
  Jan 01, 1970 at 08:00 am NewsBTC
  
  Dogecoin (DOGE) has surged to become the eighth-largest cryptocurrency by market capitalization, surpassing Cardano and sparking amusement from industry observers like Charles Hoskinson. The memecoin's market cap reached approximately $28 billion, leaving Cardano behind with a $27 billion valuation. Despite its upward momentum, technical indicators suggest a possible corrective phase, and cautious signs emerge with an increase in short positions against DOGE. Social dynamics and positive sentiment contribute to the positive momentum, but investors are advised to be mindful of potential impacts from profit-taking and the need for prudence.