Cryptocurrency magnates purchased three alternative coins at the beginning of May 2025
Crypto Whales on a Buying Spree: Here's What's Going Down
The Bitcoin breaching the $95,000 mark and sending a positive vibe across the crypto market has set the stage for some fascinating moves by crypto whales this week. These big players are diving into a variety of altcoins, turning heads in the crypto sphere.
Avalanche (AVAX)
Avalanche (AVAX), a L1 coin, is catching the attention of crypto whales. According to IntoTheBlock, AVAX's large holders' netflow has soared an impressive 380% in the past seven days. This surge indicates that whales are on a shopping spree for AVAX tokens.
Ethereum (ETH)
Ethereum (ETH) is experiencing a steady rally, largely thanks to the persistent whale accumulation. Santiment reveals that whale addresses holding between 10,000 and 100,000 ETH have purchased 280,000 ETH worth over half a billion dollars in the last week. If this accumulation trend continues, Ethereum's price could breach the $2,000 mark.
Pepe (PEPE)
Meme coin Pepe (PEPE) is another asset witnessing a surge in whale accumulation this week. Santiment reports that wallet addresses holding between 100,000 and 1 million tokens have bought 350 million PEPE in the past seven days. The price could reverse its downtrend and break above the resistance at $0.000010 if this accumulation persists.
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Crypto Whales and Their Influence
As market leaders, crypto whales wield significant power over the market. Their buying and selling activities can cause ripples that influence retail investors' decisions. When whale accumulation trends are strong, it often results in bullish signals for the underlying asset.
Future Outlook
Avalanche (AVAX)
If AVAX's accumulation trend persists, it could breach the resistance at $24.28 and rally toward $30.23. But, if demand wanes, it might fall to $14.66.
Ethereum (ETH)
If whale accumulation continues, it could drive Ethereum's price above the psychological $2,000 mark. Conversely, if the bears regain dominance, they could push the coin's price to $1,733.
Pepe (PEPE)
If whale accumulation persists, PEPE could reverse its current downtrend and break above the resistance at $0.000010. On the other hand, if selling continues, the token's price could drop to $0.0000052.
A Word of Caution
Remember, these insights are for information purposes only and shouldn't be considered financial advice. Always do your own research and consult with a professional before making any financial decisions. BeInCrypto is dedicated to delivering accurate, unbiased reporting, but market conditions are subject to change without warning. Enjoy your crypto journey, and happy trading!
- In the ongoing crypto market surge, Bitcoin's soar above $95,000 has triggered a shopping spree by crypto whales, particularly in Avalanche (AVAX).
- The network flow of AVAX's large holders has surged 380% in the past week, indicating a buying spree for AVAX tokens by whales.
- Ethereum (ETH) is also experiencing a rally, largely due to persistent whale accumulation, with whale addresses holding between 10,000 and 100,000 ETH purchasing over half a billion dollars' worth of ETH in the last week.
- The meme coin Pepe (PEPE) is another asset witnessing a surge in whale accumulation, with wallet addresses holding between 100,000 and 1 million tokens buying 350 million PEPE in the past seven days.
- Crypto whales, as market leaders, possess significant influence over the market, and their buying and selling activities can cause considerable impact on retail investors' decisions.
- If the current AVAX, Ethereum (ETH), and Pepe (PEPE) accumulation trends persist, each could breach their respective resistance levels, potentially leading to price rallies.
- However, it's essential to approach these insights as information only and not financial advice, as market conditions can shift unexpectedly. Always conduct thorough research and consult a professional before making any financial decisions.
