Altcoins Quietly Leave Binance – Is Accumulation Heating Up?

A shift in token movement from major exchange Binance could be hinting at a quiet accumulation phase across the altcoin market

A interesting analysis by Joao Wedson, head of crypto analytics firm Alphractal, suggests that a shift in token movement from major exchange Binance could be hinting at a quiet accumulation phase across the altcoin market.

As reported by Benzinga, Wedson highlighted 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, like the one displayed below, provides clues into investor behavior.

On this chart, red signals token outflows, which Wedson indicated are a bullish sign for select coins.

Those being withdrawn in the highest volumes include Ethereum (ETH), Chainlink (LINK), Maker (MKR), and Artificial Superintelligence Alliance (FET), to name a few.

The list also features smaller-cap assets like SLP, 1INCH, YGG, and OGN - all of which have seen substantial movement off centralized exchanges.

Top crypto gainers for 2025: BlockDAG, Toncoin, Bittensor, & Near protocol

Among the tokens showing the greatest price appreciation year-to-date, several are showcasing resilience despite recent market turbulence.

As reported by Benzinga earlier, BlockDAG (BDAG) has taken the lead with an impressive 6,600% gain in 2025 alone. Hot on its heels is Toncoin (TON), boasting a noteworthy 5,300% price surge. Bittensor (BITT) follows closely with a 4,700% gain, and NEAR (NEAR) completes the top four with a remarkable 3,900% rally.

These stellar performances highlight the potential for significant returns in the cryptocurrency market.

Coin Chart via Binance

"The great rotation continues. People are moving out of Binance with several interesting tokens. 1INCH, YGG, OGN and SLP are moving in huge volume from Binance. Is the alt season heating up?"

As traders eagerly await the fabled arrival of a broader altcoin rally, some appear to be positioning early - and the blockchain is dutifully recording every move.

Recently, whales have been spotted accumulating significant amounts of PEPE despite the market downturn. Moreover, traders are discussing the possibility of XRP being the next leg up after BTC and ETH experienced strong rallies.

In other developments, XRP is displaying support at $0.231 in a double bottom formation, setting the stage for a potential move higher.

Bitcoin is approaching the $120,000 price target, while several altcoins are showing signs of a historic breakout. In a surprising turn of events, Stablecoin transactions in Q1 of 2025 hit an all-time high of over $6 trillion.