4 Cryptocurrencies to Watch as Their Supplies Enter Exchanges

• Santiment revealed in an X post yesterday that LRC, FET, REN and TVK have seen their exchange supply levels increase.
• According to the post, this rise in exchange supply could lead to an uptick in volatility for the 4 cryptocurrencies.
• TVK had the highest exchange supply level, with more than 67% of the altcoin’s supply residing on exchange platforms.

The blockchain intelligence firm Santiment revealed in an X post yesterday that altcoins are continually failing to reach consensus regarding what direction their prices should move. Meanwhile, Fetch.ai (FET), Loopring (LRC), Ren (REN) and Virtua (TVK) have seen more and more of their supplies shift onto exchange platforms.

According to the firm, this increased amount of cryptocurrency making its way onto exchange platforms typically implies an increased likelihood of future volatility. With regards to the altcoins mentioned in Santiment’s post, 38.7% of REN’s supply currently resides on exchanges.

Meanwhile, LRC and FET have 27.8% and 18.6% of their respective supplies housed within exchange platforms. Most notably, 67.7% of TVK’s supply is housed in platforms instead of self-custody wallets.

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