List of Flash News about altcoin transfers
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2025-06-04 18:50 |
Major Altcoin Transfers to Exchanges: $15.9M PYUSD, SSV, and Threshold Signal Potential Volatility
According to Santiment (@santimentfeed), several major altcoins have seen significant transfers to exchanges in the past 24 hours, including $15.9 million in PayPal USD (PYUSD), accounting for 1.67% of its market cap, $1.1 million in SSV (0.89% of market cap), and $1.2 million in Threshold (T). Such large movements of tokens to exchanges are often interpreted as potential preparation for selling, which could increase short-term volatility and impact price action for these assets. Traders should closely monitor the order books and liquidity for PYUSD, SSV, and Threshold, as increased exchange balances may signal heightened selling pressure or upcoming market events. These developments are particularly relevant for crypto traders seeking to capitalize on intraday price swings and shifts in market sentiment. Source: Santiment (@santimentfeed), June 4, 2025. |