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

@brianq
1 min read
02.12.2024
LINK
PEPE
WBTC
WLD
ENA


🐳 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.

Monitor the top centralized exchange deposits on the completely FREE dashboard here!

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Featured in this Insight

Wrapped Bitcoin [on Polygon] WBTC

$ 108866.73
1.3%
in last 7d

Wrapped Bitcoin [on Arbitrum] WBTC

$ 108866.73
1.3%
in last 7d

Wrapped Bitcoin [on Ethereum] WBTC

$ 108866.73
1.3%
in last 7d

Ethena ENA

$ 0.269514
3.7%
in last 7d

Worldcoin [on Ethereum] WLD

$ 0.873747
-1.46%
in last 7d

Worldcoin [on Optimism] WLD

$ 0.873747
-1.46%
in last 7d

Pepe PEPE

$ 0.000010
7.43%
in last 7d

Wrapped Bitcoin [on Optimism] WBTC

$ 108866.73
1.3%
in last 7d

ChainLink LINK

$ 14.03
7.2%
in last 7d
LINK
PEPE
WBTC
WLD
ENA

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