In brief
- Whales are dumping SOL, AAVE, and ASTER, moving over $120M in assets to exchanges.
- The sell-off contributed to the crypto market cap dropping by over 5% as altcoins posted losses on the day.
- One entity took a $5M loss on ASTER, signaling a rush to exit rather than hold through volatility.
Whales are offloading significant altcoins, testing the crypto market’s already fragile state and hindering its recovery.
The “smart money” retreat comes amid a broad market downturn.
The total crypto market capitalization has shed over 5% in the past 24 hours, dropping to $3.67 trillion, according to CoinGecko data. Ethereum, Solana, Cardano, and other major altcoins are posting losses of between 6% and 9% as they follow
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Author: Akash Girimath
