5 Altcoins That Could Be Facing Major Sell-Offs

The crypto analytics platform Santiment has highlighted potential bearish signals for several altcoins, warning that increased activity on exchanges could indicate upcoming sell-offs.

According to a recent post on X, notable assets like Worldcoin (WLD) and the memecoin SPX6900 (SPX) are being moved to exchanges in significant volumes, which often precedes price declines as more supply becomes available for trading.

Other tokens showing similar patterns include Onyxcoin (XCN), Lido DAO (LDO), and Crypto.com’s utility token (CRO). Santiment noted that these assets are seeing transactions exceeding $1 million as they flow into exchanges, suggesting traders should monitor them closely.

Meanwhile, Santiment provided insights into Bitcoin’s performance, noting that wallets holding at least 100 BTC have reached their second-highest level since December 2017, a time associated with the peak of a major bull market. This metric, coupled with Bitcoin’s recent climb to a one-month high of $105,970, reflects growing accumulation among large holders.

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In addition to these trends, Santiment pointed out that discussions around key topics like inflation, payments altcoin XRP, and artificial intelligence (AI) are shaping market sentiment and driving conversations within the crypto community. These narratives may play a role in influencing investor behavior in the weeks ahead.

Alexander Zdravkov