A shift in token movement from major exchange Binance could be hinting at a quiet accumulation phase across the altcoin market, according to Joao Wedson, head of crypto analytics firm Alphractal.
Wedson noted that large volumes of various altcoins have been steadily flowing out of Binance — a pattern he believes often precedes upward momentum. Tracking net token movement using Binance’s flow charts, he explained, offers insight into investor behavior. On this chart, red signals token outflows, which Wedson interprets as a bullish sign for select coins.
He identified several tokens experiencing the highest withdrawal rates, including Ethereum (ETH), Chainlink (LINK), Maker (MKR), and Artificial Superintelligence Alliance (FET), among others.
The list also featured smaller-cap assets like SLP, 1INCH, YGG, and OGN — all of which have seen substantial movement away from centralized exchanges.
Wedson emphasized Ethereum’s position in particular, noting that despite recent market turbulence, accumulation continues. As exchange reserves of ETH decline, he suggested this could be laying the groundwork for future price strength.
As traders anticipate the arrival of a broader altcoin rally, some appear to be positioning early — and the blockchain is quietly recording every move.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/altcoins-quietly-leave-binance-is-accumulation-heating-up/