The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Massive Whale Transactions Sent Three Altcoins Into a Spiral, According to Crypto Analytics Firm Santiment

by Daily Hodl Staff
February 26, 2021
in Altcoins, Trading

Crypto analytics firm Santiment says whales are having a significant impact on the performance of three altcoins.

In a new report, Santiment observes that massive amounts of Aave, Kyber Network (KNC) and 0x Protocol (ZRX) were sent to exchanges this week, likely triggering high volatility and large selloffs.

When a crypto whale sends their altcoin troves to an exchange, traders often take notice and worry that the individual may be preparing to sell their holdings on the exchange.

This Wednesday, one Aave holder sent 828,600 tokens worth $305 million to an exchange and although the movement has not yet instigated a large drop in price, Santiment suspects that the transfer could cause Aave to dip further.

Santiment reports that a significant quantity of KNC tokens were moved between exchange addresses this Monday including 13 million KNC tokens worth approximately $26 million.

According to the analytics firm, KNC saw a rise in exchange inflows and an overall increase in on-chain volume, which “predictably” preceded a steep fall in the asset’s price.

Source: Santiment

Whales are disrupting 0x’s upward climb as well, says Santiment. The firm reports that in the largest USD transaction the asset has witnessed in its 3.5 years on the market, 28 million ZRX worth $44 million were sent to an exchange address.

Santiment highlights that the asset’s price action has been relatively volatile since that transfer took place.

Source: Santiment

Earlier this week, Santiment published a study in which the firm tracked the price movements of 1,000 assets with at least a $1 million market cap to discover whether or not a spike in exchange inflows for a particular asset is a reliable bearish indicator.

The study found that crypto assets drop an average of 5% following a large uptick in exchange inflows for that cryptocurrency or token.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/mathieuvandenberk/Andre Boukreev

Submit a Press Release

Industry Announcements

  • Aster Launches 24/7 Stock Perpetual Contracts Trading with Exposure to U.S. Equities
    July 16, 2025
  • The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
    July 16, 2025
  • Vision (VSN) has arrived: the new standard for user-centric token ecosystems
    July 16, 2025
  • Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
    July 16, 2025
  • MultiBank Group Announces Seven Million MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
    July 15, 2025
  • Allnodes Among First To Launch Bare Metal Servers Powered by AMD Threadripper 9000 Series
    July 15, 2025
  • Swarm Network Selects Walrus To Power Verifiable AI on Rollup.News
    July 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,647.79
$118,647.79
0.41%
Ethereum
$3,194.71
$3,194.71
4.65%
BNB
$692.50
$692.50
0.94%
Solana
$166.89
$166.89
3.4%
XRP
$2.98
$2.98
2.29%

Spotlight

  • Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top
    July 9, 2025
  • Goldman Sachs Abruptly Raises Targets for S&P 500, Predicts Fed Cutting Rates Earlier Than Expected: Report
    July 9, 2025
  • Investor Tom Lee Says Bitcoin Adoption Still in ‘Earliest Days,’ Predicts US Banks Will Soon Hold BTC As Collateral
    July 9, 2025
  • Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend
    July 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl