Altcoin Exodus: Whales Withdraw Millions of WLD, APE, LINK

Over the past 24 hours, there has been a mass exodus of altcoins from exchanges, according to data from the on-chain analytics platform Spot On Chain. An X post shared by the platform earlier today revealed that market makers withdrew 3.02 million Worldcoin (WLD), worth approximately $7.61 million, from exchanges.

🚨🚨 Market makers withdrew 3.02M $WLD ($7.61M) from exchanges in the past 4 hours.

1. Amber Group withdrew 2.02M $WLD ($5.09M) from #OKX ~45 mins ago.

2. Whale 0xbd8 (likely an MM) withdrew 1.0M $WLD ($2.52M) from #Binance ~4hrs ago.

The negative spikes in #SpotOnChain’s CEX… pic.twitter.com/JQUBofsVEu

— Spot On Chain (@spotonchain) December 14, 2023

Amber Group withdrew about 2.02 million WLD tokens from OKX. Additionally, a whale identified as 0xbd8 withdrew 1 million WLD, valued at $2.52 million, from Binance.

Along with the rest of the market, WLD saw its price jump over the past 24 hours of trading. CoinMarketCap indicated that WLD was worth about $2.55 at press time after its price managed to climb by more than 8% since yesterday.

🚨 $APE surged by ~11% in the last 8 hours!

Multisign whale 0xb4e accumulated 3M $APE ($5.31M) from exchanges via #GSRMarkets and #Cumberland.

In total, the whale accumulated 6.02M $APE ($10.3M, avg price: $1.72) in the past 8 days.

Estimated unrealized profit: $626K… pic.twitter.com/K0YS3Uj913

— Spot On Chain (@spotonchain) December 14, 2023

Spot On Chain data also revealed that whales were targeting Apecoin (APE). Multisig whale 0xb4e accumulated 3 million APE tokens, worth about $5.31 million, from exchanges through GSRMarkets and Cumberland. In total, it is estimated that the whale has accumulated 6.02 million APE over the past 8 days.

Spot On Chain also pointed out that APE saw its price surge by more than 11% in just 8 hours. At press time, the price of the altcoin pulled back slightly to trade at $1.77. Despite the slight correction, the token’s success in the past day was able to flip its weekly performance back into the green to +7.75%.

🚨 Smart whale 0x54f withdrew 218,049 $LINK ($3.23M) from #Coinbase ~50 mins ago.

Currently, the whale holds 751,050 $LINK ($11.1M).

And has an estimated cumulative profit of $6.7M from two $LINK trading cycles.

👉 More details: https://t.co/6L4x1ANIK2

Need the beta code?… https://t.co/32DOQv5Cva pic.twitter.com/ENh6UbwIDr

— Spot On Chain (@spotonchain) December 14, 2023

Lastly, it seems Chainlink (LINK) has also caught the attention of a particular whale. Spot On Chain data reveals that a smart whale withdrew 218,049 LINK, valued at $3.23 million, from Coinbase. In total, it is estimated that the whale holds about 751,050 LINK, worth more than $11 million.

LINK saw its price rise by just over 5% throughout the past day. This caused the altcoin’s trading value to climb to $14.91. However, LINK was still down by about 4% on the weekly time frame.

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