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ZyCrypto 2025-05-23 17:33:29

How Altcoins Exiting Exchanges Could Trigger the Next Boom for Ether, XRP, Solana, Cardano, Shiba Inu

How Altcoins Exiting Exchanges Could Trigger the Next Boom for Ether, XRP, Solana, Cardano, Shiba Inu

Altcoins are preparing for a rally, and as market participants observed, alternative coins like Ether , XRP , Solana , Dogecoin , Cardano , and Shiba Inu are primed for a massive price surge in the coming weeks. According to the Binance Netflow Heatmap, a market indicator that displays the net flow of altcoin movement, a continuous outflow of altcoins from the Binance network has been recorded, a pattern that market expert Joao Wedson believes to be bullish. The analyst at CryptoQuant referred to the current uptrend as a clear sign of accumulation, as the Binance Netflow HeatMap indicator displayed red—a signal depicting outflows. On the other hand, a green display, which has not been highly visible, points to an increase in inflows. Altcoins are leaving Binance heavily — a clear sign of accumulation! Many people are talking about the much-anticipated Altcoin Season, and an interesting way to identify potential altcoins is by following the Binance Netflow Heatmap — an indicator that shows the net flow… pic.twitter.com/mYa1F0xyDv — Joao Wedson (@joao_wedson) May 16, 2025 Market accumulates ETH and other lesser-known altcoins As the analyst noted, various altcoins are being accumulated at this time, as holders collectively send withdrawals to their wallets, while also adding to their holdings. Notably, most of the 19 altcoins making the list as the most accumulated at this time fall outside the category of the top 10 most valued cryptocurrencies by market cap. As CryptoQuant reports, the list includes: ENJ, SLP, FET, AMP, ETH, CRV, BNT, 1INCH, GHST, GTC, YGG, LINK, ANKR, ALICE, MKR, SNX, ZRX, DODO, and OGN. “This shows strong public interest in withdrawing these altcoins from the exchange, a clear signal of accumulation and confidence in the assets.” Wedson asserted. Similarly, ETH holders have also been accumulating the asset despite its volatile state. As a result, Binance’s reserves are declining, further highlighting the potential for a future price surge. ETH is trading at $2,574, down 3% over the last 24 hours. The altcoin remains the best performer in the previous 30 days, within the top 10 category, with up to 50% gains.

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