No one

Cryptocurrency

Shiba Inu

Chainlink

Trillion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/santiment-reports-whale-wallet-reductions-in-shib-link-and-eth/" data-wpel-link="internal">Santiment Reports Whale Wallet Reductions in SHIB, LINK, and ETH</a><br></p>
<p style="text-align: justify">Santiment shared an evaluation on X today about whale wallets on exchanges. The evaluation highlights three standout altcoins. The chart reveals decreases in assets of whale wallets in Shiba Inu (SHIB), Chainlink (LINK), and <strong>Ethereum</strong> (ETH) on exchanges. This data has implications for cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. Let’s interpret it considering Santiment’s approach.</p> 
<h2 style="text-align: justify" id="decrease-in-shib-link-and-eth-assets">Decrease in SHIB, LINK, and ETH Assets</h2> 
<p style="text-align: justify"><strong>Santiment</strong>‘s chart covers a timeline from mid-March to June 12, 2024. During this period, a decrease in assets of the top ten exchange wallets for SHIB, LINK, and ETH has been noted, especially since the end of May.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-362284 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/santiment-4-scaled.jpg" alt="" width="2560" height="1711"></p> 
<p style="text-align: justify">The decrease in meme coin <strong>SHIB</strong> is noted at 2.4%. LINK saw a decrease of 2.9%, while ETH experienced a decrease of 8.6%. It is known that decreases on exchanges indicate whales’ expectations of a <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> price increase.</p> 
<h2 style="text-align: justify" id="what-should-cryptocurrency-investors-expect">What Should Cryptocurrency Investors Expect?</h2> 
<p style="text-align: justify">The <a href="https://en.coin-turk.com/usa-convenes-to-implement-cryptocurrency-regulations-schedule-and-particulars/" data-wpel-link="internal">cryptocurrency market</a> has been in a correction phase since mid-March. Bitcoin’s uncertain and volatile movements have significantly impacted altcoins. During this period, Bitcoin dominance rose to 56%, making the decrease in exchange wallets a normal occurrence. No one wants to sell their assets at a loss during such a phase.</p> 
<p style="text-align: justify">External factors affecting Bitcoin and the <strong>cryptocurrency</strong> market, such as actions by the Fed and SEC, have somewhat determined the market’s direction, leading investors to adopt a wait-and-see approach. In such a period, the decrease in altcoin wallets on exchanges can be interpreted as a phase of accumulation.</p> 
<p style="text-align: justify">Therefore, as noted in the chart shared by Santiment, the decreasing exchange supplies are considered good for investors expecting a rise. Following recent increases, SHIB, ETH, and LINK have corrected by 30% to 40%. Finally, let’s conclude by looking at the figures for SHIB, ETH, and <strong>LINK</strong> in the top ten exchange wallets as of June 12.</p> 
<ul> 
 <li style="text-align: justify">164.6 Trillion SHIB.</li> 
 <li style="text-align: justify">97.8 million LINK.</li> 
 <li style="text-align: justify">6.81 million ETH</li> 
</ul> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/santiment-reports-whale-wallet-reductions-in-shib-link-and-eth/" data-wpel-link="internal">Santiment Reports Whale Wallet Reductions in SHIB, LINK, and ETH</a></h5>

Santiment Reports Whale Wallet Reductions in SHIB, LINK, and ETH

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