“High Volatility Warning” for 4 Altcoins from Santiment: Their Supply on Exchanges is Steadily Increasing

Cryptocurrency analysis company Santiment drew attention to four different altcoins in its latest post.

Santiment analysts noted the divergence of altcoins from BTC, with Bitcoin trending in an increasingly limited range. According to analysts, during this period, the supply rate of Fetch (FET), Loopring (LRC), Ren (REN) and Terra Virtua (TVK) altcoins on cryptocurrency exchanges increased day by day and reached its peak.

Analysts also warned of high volatility in the future for the tokens in question, as the high supply rate on cryptocurrency exchanges generally indicates high volatility in the future.

According to the data, 18.6% of FET, 27.8% of LRC, 38.7% of REN and a surprising 67.7% of TVK supply are in the cold wallets of central exchanges.

At the time of writing this article, the Bitcoin price is experiencing a partial recovery and has risen by over 1% in a short time. BTC bounced back from the $27,800 level and is currently trading at $27,739.

Among the 100 largest altcoins, those that gained the most value in the last 24 hours were TWT, AVAX, MINA, BSV and XRP.

*This is not investment advice.