In a sudden move that has shaken the cryptocurrency community, a staggering $8 billion was transferred from so-called “whale” wallets to major centralized exchanges, signaling a potential large-scale sell-off (dump) in the near future.
On-chain analytics reveal that these funds originated from wallets that had been dormant for extended periods, raising concerns about whether major investors are preparing to take profits or if a market crash is looming.
Analysts are warning crypto holders to stay alert amidst growing volatility in Bitcoin and Ethereum prices over the past 24 hours. Investors are advised to monitor the situation closely and be prepared for possible sharp market movements.
📉 Watch the full video analysis for detailed insights and what this could mean for your investment portfolio:
