08.06.2025 22:29

Significant altcoin movements by large cryptocurrency holders, or whales, have been observed today, suggesting a potential wave of selling pressure. Analysis of on-chain data reveals substantial transfers of various altcoins to centralized exchanges, primarily Binance, strongly indicating intentions to liquidate holdings.

One notable transaction involved a Pepe (PEPE) memecoin whale who offloaded a staggering 1 trillion PEPE tokens, valued at approximately $11.65 million. This represents a portion of a larger amount withdrawn from Binance just 21 days prior – a 2.2 trillion PEPE transfer totaling $27.68 million. This recent sale leaves the whale with a remaining 1.2 trillion PEPE tokens, currently worth $14 million, resulting in a net loss of roughly $1.95 million on this particular trade.

Further investigation into on-chain activity uncovered another significant transaction: four wallets, believed to be associated with a single entity, transferred 356,000 Chainlink (LINK) tokens to Binance over the past 24 hours. The value of this transfer is approximately $4 million. Intriguingly, these LINK tokens were originally acquired on Kraken at a price of $7.03, yielding a substantial profit of $2.43 million, representing an impressive 97.3% profit margin.

Adding to this trend, a substantial Solana (SOL) whale has also been active, initiating the unstaking process for SOL coins worth $7.52 million and subsequently transferring them to Binance. This action leaves the whale with a considerable remaining staked SOL balance worth $168 million. The cumulative effect of these transactions highlights a notable trend of large-scale altcoin selling by whales.

*Disclaimer: This information is for educational purposes only and does not constitute investment advice. Consult with a financial advisor before making any investment decisions.*