These Altcoins Could Experience Heavy Selling Pressure, Here’s Why
Photo: The Crypto Basic
Several cryptocurrencies, including Chainlink (LINK), Pepe (PEPE), Uniswap (UNI), and Worldcoin (WLD), could face further selling pressure after a hacker liquidated millions of dollars worth of these tokens. According to blockchain transaction data shared by Lookonchain, the attacker sold substantial holdings of seven altcoins before converting the proceeds into Ethereum . The attacker sold around 7 million UNI tokens worth $39 million at an average price of $5.65 on-chain. ENA followed, with 217 million tokens sold for $33 million million at an average price of $0.16.
Source: The Crypto Basic
