Crypto Whales Dump Tokens as Exchanges See Massive Inflows

Recent data from Santiment shows a surge in activity among crypto whales, with large-scale transfers of tokens being made to centralized exchanges. This raises questions about upcoming price movements and potential sell-offs. The firm’s Whale Watcher Deposit Dashboard reveals that several assets have seen significant inflows of over $1 million into these platforms. This behavior is often linked to whales preparing to take profits or anticipate market corrections.