The cryptocurrency Eurite (EURI) has sparked attention in the crypto community after Santiment’s Whale Watcher dashboard flagged a significant movement.
Eurite, crypto's 521st largest market cap, valued at $50.9M, just saw nearly 10% of its entire supply move to Binance. Historically, coins that show up on @santimentfeed's whale CEX deposit dashboard can see big sell-offs that can lead to volatility. https://t.co/749Cvq8dWM pic.twitter.com/ErwQ3oDMMZ
— Santiment (@santimentfeed) June 17, 2025
On June 17, 2025, nearly 10% of Eurite’s total supply—approximately 4 million EURI out of its 40 million circulating supply—was transferred to Binance. With a current market cap of $46.13 million and a price hovering around $1.15, this move by a major holder, or “whale,” could signal a pivotal moment for the Ethereum-based token launched in 2024.
Santiment’s data, derived from real-time on-chain analytics, suggests that such large deposits to centralized exchanges like Binance often precede volatility. Historically, whale sell-offs tracked by the Whale Watcher CEX Deposits dashboard have triggered price drops of 5-15% within 72 hours, a trend supported by Investopedia’s insights on whale influence. This transfer, valued at roughly $4.6 million, could indicate profit-taking or a strategic repositioning, especially amid growing crypto market sentiment fueled by recent geopolitical tensions, as noted in Cointelegraph’s June 15 report.
Eurite has maintained stable trading volumes, with $14.92 million exchanged in the last 24 hours, reflecting steady market interest. However, this whale activity introduces uncertainty. The token’s all-time high of $1.16, reached on June 12, 2025, is just a 1% premium above its current value, suggesting limited upside unless bullish momentum resumes. Santiment’s January 2025 community insights highlight that monitoring whale movements is key for traders, offering a window to anticipate market shifts.
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As the crypto world watches, Eurite’s price trajectory over the next few days will be critical. Will this deposit lead to a sell-off, or could it reflect a whale’s confidence in future growth?
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
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