Mr X

06/11 04:14

Whale activity could pose a problem for this altco

Whale activity could pose a problem for this altcoin

While Bitcoin continues to attract attention with its optimistic predictions for 2025, several altcoins may face short-term turmoil.

According to data from blockchain analytics firm Santiment, large holders – better known as “ whales ” – have moved significant amounts of four specific tokens on exchanges over the past day, which is often considered a harbinger of sell-offs.

The tokens with the biggest moves were PayPal USD (PYUSD), ImmutableX (IMX), SSV, and Threshold (T). PYUSD topped the list with $15.9 million sent to exchanges, representing 1.67% of its market cap.

IMX saw a transfer of $6.4 million, while SSV and Threshold registered $1.1 million and $1.2 million, respectively – each representing nearly 1% of their total supply.

Such concentrated transfers can signal potential selling pressure, especially when whales move large amounts during relatively calm phases of the market. While not a guarantee of an imminent price decline, historical patterns show that these movements often precede short-term volatility.

Investors tracking these altcoins may want to watch closely, as increased activity on exchanges can disrupt price stability and alter short-term sentiment – especially when driven by large-stakes portfolios.

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