Are Eigenlayer, Ethena, Worldcoin, Wrapped Bitcoin, Pepe, and Chainlink at Risk?

🐳 According to the Santiment Centralized Exchange Deposits Dashboard, some of the largest trasnfers of altcoins include Eigenlayer ($2.8M), Ethena ($2.5M), Worldcoin ($2.0M), Wrapped Bitcoin ($4.8M), Pepe ($3.0M), and Chainlink ($1.8M).

When large levels of an asset's supply suddenly get moved to exchanges, it is a sign that a whale has intent to sell off a portion of their coin holdings. Though Bitcoin's continued ascent may minimize the impact of any tops for these respective altcoins, be aware of projects on this list being at greater risk of (at least) temporary retraces.

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