Whale Activity Alert: Which Altcoins Saw Millions Flow Into Exchanges?

A wave of large-scale altcoin deposits has hit centralized exchanges over the past 24 hours, according to data from on-chain analytics platform Santiment.

Several major wallets, some labeled as top 100 holders, have transferred millions of dollars’ worth of tokens—signaling possible sell-side pressure or strategic reallocations.

The largest single deposit was a $7.9 million transfer of PayPal USD (PYUSD), representing 0.92% of the stablecoin’s market cap. It was moved to Crypto.com from a wallet labeled as a centralized exchange user, highlighting increased activity around stablecoin liquidity.

OKB, the native token of OKX, saw the most frequent activity. Five separate whale transfers totaling $13.4 million were identified, with amounts ranging from $1 million to $4.7 million. Most were from top 100 balance wallets, potentially hinting at coordinated moves or exchange reshuffling.

Gravity Token registered the highest market cap impact, with $2 million worth transferred—representing 1.81% of its total value. The sender address was linked to a high-balance wallet, indicating a possible rotation or strategic divestment.

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Among other notable transfers were $2.9 million in PEPE and $1.2 million in First Digital USD (FDUSD), both sent to Binance. FDUSD’s transfer originated from a wallet labeled as a CEX withdrawal, suggesting the funds may be part of rebalancing flows.

Apecoin (APE) and Mantle (MNT) also made the list with $1 million transfers each. The APE transaction came from a wallet with ties to NFT platforms and OpenSea, reinforcing the close link between NFT ecosystems and token movements.

While the motives behind these moves remain unclear, the timing and concentration suggest whales may be preparing for volatility or reacting to broader macro shifts in crypto markets.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.