There are whispers in the crypto sea of a whale migration. Several new, heavy-pocket investors seem to be targeting Ethereum, Fartcoin, and Hyperliquid as their new treasure troves. Could these acquisitions signal the coming of a bullish wave crashing onto crypto shores this coming June?
Even as there were withdrawals for three days in a row in the Bitcoin ETF, potentially laying a grim picture, the king of cryptocurrency held its head high. An analysis from Santiment cited whale activity in that these key players actually have been adding a nice chunk amount of nearly $8.3 billion to their holdings in the past week, perhaps indicative of some bullishness beneath the surface despite the jitters on ETFs.
An ever-increasing oceanic ebb and flow of bullish sentiment for Bitcoin to rally to a $150,000 peak is attributable to it being closely tied to the global M2 money supply. We may indeed be in for an altcoin season like never before – possibly an altcoin rally on steroids beyond all former alt cycles.
Beyond Bitcoin: Crypto Whales Are Hungry for Altcoins as June Begins.
The late-May lull needs the burial. Some canny crypto whales come crashing into altcoins, considering this latest dip as an alibi to buy in hordes. Fasten your seat belts!-These strategic accumulations are signs of what may become an almighty altcoin rally in June.
Ethereum (ETH)
According to Lookonchain, a whale auctioned its 108,278 ETH for $283 million through the Galaxy Digital OTC wallet. But wait, the mystery investor took 89,000 ETH worth $233 million just a few hours earlier! What do we do with such acquired hoard? Well, 139,476 ETH of the collected wealth is sitting in wallet “0x0b26” now, a bag worth a mountainous $365 million. Who is this digital leviathan, and what do they have in store? The crypto world is looking on.
This wasn’t a gamble; it was a calculated play. Tracking the address’s movements reveals that the accumulation happens in a very discreet manner and that they strongly believe in the future surge of Ethereum.
On the daily scale, Ethereum is painting a bullish picture: soaring above key EMAs, ETH is all set to overpower the June Fib 50% resistance. While watching the Fib 78.6% and 100% targets, it might very well reach an all-time high for 2024 by Q4.
Fartcoin (FARTCOIN)
Apart from the second most dominant crypto, which has attracted significant attention from Crypto whales, is Fartcoin (FARTCOIN).
Forget subtle signaling. Crypto whales are screaming bullish on FARTCOIN. From the perspective of the on-chain data, three deep-pocketed investors scooped up an incredible 9.2 million FARTCOIN-the $9.5 million bet just could be either genius or grossly insane. The market is watching to see if indeed this will be the genesis for the moon mission or just another flash in the pan.
FARTCOIN stumbles at $0.8910-price drifting down 5.7% within 24 hours. But don’t dig its grave just yet! The possibly charged whale activity is certainly giving the bulls some hope. Could this be that rocket fuel needed to charge toward its all-time high again at $2.7321 at the very sweet Fibonacci 100% level? Or has gravity won, pulling FARTCOIN on down into the demand zone, and pop the bag for the investors? The fate of this meme coin is at stake.
Hyperliquid (HYPE)
The magnetic James Wynn-led High-Executive Hyperliquid venture, backed by the promise of a Binance listing, started turning heads as a few opportunistic individuals saw a way to score big.
There has been a big whale appetite for HYPE whatsoever the prevailing sunny disposition of the crypto market. OnchainLens data reveal that one single investor bought over 170,000 HYPE tokens in the span of three days, spending about $6 million. Was this just an immense wager? Or a whimsical purchase? Or maybe something entirely different? The crypto universe is holding its breath.
HYPE is bursting into a flame! Institutional whale adoption is in full swing, venues with solid conviction for the long-term trajectory of this: Fibonacci projections paint a breathtaking view-if the coin manages to break its all-time high, a lofty price of $58 would be set up as the next target.
Thanks for reading Top 3 Altcoins Whales Are Buying Right Now
