As Bitcoin breaks past the $95,000 mark, signaling a bullish trend in the crypto market, major investors, known as "whales," are shifting their focus to promising altcoins. Recent on-chain data highlights significant accumulation in Avalanche (AVAX), Ethereum (ETH), and the meme coin Pepe (PEPE) during the first week of May 2025.

Avalanche (AVAX): Layer-1 Token Sees 380% Surge in Whale Netflow

Avalanche has emerged as a top choice among crypto whales this week. According to IntoTheBlock, the netflow of large holders wallets owning more than 0.1% of AVAX's circulating supply has soared by over 380% in the past seven days.

This substantial increase indicates a strong buying interest from major investors. If this accumulation trend continues, AVAX could break through the $24.28 resistance level and aim for $30.23. However, a decline in demand might see prices fall to around $14.66.

Ethereum (ETH): Steady Accumulation Positions ETH for Potential Breakout

Ethereum has experienced a moderate 3% price increase over the past week, driven by consistent accumulation from whales. Data from Santiment reveals that wallets holding between 10,000 and 100,000 ETH have added approximately 280,000 ETH valued at over $510 million during this period.

These investors now collectively hold 25.24 million ETH, the highest amount in the past month. Should this accumulation persist, ETH may challenge the $2,000 psychological barrier. Conversely, increased selling pressure could push prices down to $1,733.

Pepe (PEPE): Meme Coin Attracts Whale Interest Amid Market Volatility

The meme coin PEPE is also drawing attention from crypto whales. Santiment reports that wallets holding between 100,000 and 1 million PEPE tokens have collectively purchased 350 million tokens in the last seven days.

As of May 2, PEPE was trading at $0.0000086. Continued accumulation could see the token surpass the $0.000010 resistance level. However, sustained selling could lead to a decline towards $0.0000052.

Conclusion

The early days of May 2025 have seen significant whale activity in AVAX, ETH, and PEPE, indicating a strategic shift towards these altcoins amid a bullish market. While such movements often precede price rallies, investors should remain cautious and conduct thorough research before making investment decisions.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk and volatility. Always conduct your own research (DYOR) and consult with a licensed financial advisor before making any investment decisions.