These 6 Altcoins Are in Danger! Whales Are Selling, Is the Big Crash Imminent?

While the crypto market is showing signs of recovery, risks are increasing for some altcoin projects. According to the latest data, 6 altcoins are being moved to exchanges by large investors, which could increase selling pressure and cause prices to fall. So, what kind of strategy should investors follow during this process? Here are the details…

What Altcoins Are Whales Selling?

According to Santiment data, WLD, MOVE, MKR, stETH, OM, and RSR tokens are being transferred to exchanges in large quantities. Historically, large sales by whales can lead to price drops. For example, 0.21% of Worldcoin (WLD) supply and 0.20% of staked Ethereum (stETH) supply were sent to Bybit. Similarly, a large portion of Mantra (OM) and Reserve Rights (RSR) supplies were directed to Binance. Maker (MKR) and Movement (MOVE) tokens were moved to Coinbase and KuCoin. These large movements could increase selling pressure in the market.

What is the Latest Situation in Altcoin Projects?

The WLD token rose by 2% to $1.78. OM gained 4% and is trading at $4.76. The prices of stETH and RSR tokens increased slightly. However, MOVE and MKR lost value. The MOVE token fell by 1.5% to $0.8109, while MKR fell by 1% to $1.126. The price movements of these tokens are being watched closely by investors. The large transfers to exchanges indicate that investor confidence may be weakening.

Signals of Recovery in the Altcoin and Bitcoin Market

The decision of the US Federal Reserve (Fed) to keep interest rates steady has caused a short-term recovery in the market. As Bitcoin approaches the $105,000 level, altcoins have also benefited from this recovery and have risen. However, long-term prospects are still uncertain. If whales continue to sell, there may be further declines for these 6 altcoins.

At the same time, Donald Trump’s World Liberty team may start a new movement for the MOVE token by purchasing 2.4 million MOVE tokens. Market players should carefully monitor the critical support levels of altcoins. If the massive sell-off continues, prices may fall even further!