Whale activity is heating up across the crypto market, and new data from Santiment reveals which assets may be most at risk of short-term sell-offs. According to the firm’s Whale Watcher Deposit Dashboard, several tokens have seen a surge in million-dollar inflows to centralized exchanges, a classic sign that large holders could be preparing to take profits.
Whales Shift Capital Into Exchanges
The top movers over the past 24 hours include Yield Guild Games (YGG), Eigenlayer (EIGEN), Aethir (ATH), PAX Gold (PAXG), Pendle (PENDLE), and Aave (AAVE).
These tokens recorded some of the largest percentages of their market caps transferred to exchanges, with minimum deposits exceeding $1 million per transaction. Historically, when whales, addresses holding large token supplies, send funds to exchanges, it often precedes price corrections or profit-taking events.
Key Token Movements
- Yield Guild Games (YGG): Over $1.9 million worth of tokens moved to Binance, representing one of the highest relative inflows of the day.
- Eigenlayer (EIGEN): Roughly $1.5 million in deposits tracked within 35 minutes, suggesting active repositioning among top holders.
- PAX Gold (PAXG): A traditional safe-haven asset, saw $3.2 million transferred to exchanges, potentially signaling a shift back into crypto risk assets.
- Pendle (PENDLE) and Aave (AAVE): Recorded $8 million+ and $2 million in whale inflows respectively, as traders possibly rotate out of DeFi tokens amid recent volatility.
The dashboard also captured movement in Aethir (ATH) and Artificial Superintelligence Alliance (FET-based tokens), both linked to AI narratives that have seen sharp gains in recent weeks.
Why It Matters
Santiment’s whale-tracking metrics are among the most closely watched in on-chain analytics, as such transfers frequently precede market pullbacks. With billions in capital now positioned on major exchanges like Binance and Bitget, analysts are monitoring whether these inflows lead to increased sell pressure or are simply portfolio reallocations ahead of next week’s macro events.
For now, the data paints a clear picture: whales are on the move, and the next few days could determine whether this activity sparks another wave of profit-taking across top altcoins.