• Whales are actively increasing their holdings of XRP, Solana (SOL), and Hyperliquid (HYPE).
• Market indicators suggest a possible start of the altcoin season as Bitcoin's dominance decreases.
• Significant XRP movements and the Ripple Circle deal attract the attention of crypto investors.
Cryptocurrency experts believe that the altcoin season may begin soon. A few weeks ago, the price surge of Ethereum gave altcoins a brief boost, but everything quickly cooled down. Now, signs of an upward trend are reappearing in the market, altcoins are slowly gaining strength while Bitcoin's dominance is declining. Although a full bull run has not yet been confirmed, many are hopeful for June.
One reliable hint comes from whale activity — when large investors quietly start buying certain coins, it usually means something big is coming. Recently, Altcoin Buzz pointed out three altcoins that whales are actively picking up right now.
XRP: Increased attention from whales after the announcement of the acquisition of Circle
$XRP has remained in the spotlight for years due to its long legal battle with the SEC of the USA. Although much of the case has been settled, several parts remain. Recently, Ripple announced plans to acquire Circle — the company behind USDC, one of the largest stablecoins. This deal, valued at around $11 billion, could help Ripple expand its presence in the stablecoin market.
As expected, whales are noticing this. Enormous amounts of XRP have been moved in recent weeks, including one transaction worth $567 million XRP from Kraken to an unknown wallet. Another whale grabbed 10 million XRP on Bitfinex. Currently, XRP has fallen more than 2%, trading at $2.28.
Solana (SOL): Market revival attracts whale investments
Solana ($SOL ) has experienced quite a few ups and downs. After hitting a peak of $262, SOL sharply fell to $105 in just three months. But, as always, Solana bounced back and is now trading around $172.
Over $175 million has been transferred from other networks to Solana, and Circle minted $1.5 billion on the $USDC network just last month. Naturally, this revival has attracted the attention of whales, as nearly $485 million SOL has been moved in large transactions recently.
Hyperliquid (HYPE): The token is gaining popularity among whales despite previous setbacks
Finally, there is Hyperliquid (HYPE), one of the trending projects in recent months. The platform made headlines in March when risky whale trades on a meme coin led to a $12 million loss for Hyperliquid.
Despite this, the HYPE token has quickly recovered. From $10 at the beginning of April, it rose to $37, nearing its all-time high of almost $40. In fact, it is now just a few percentage points away from setting a new record. Just in the last two days, five whales purchased HYPE for $27.8 million, and three others added another $5.3 million today.
