- Whales are buying big again – Bitcoin’s jump past $95K has triggered fresh altcoin interest, with AVAX, ETH, and PEPE seeing strong accumulation this week.
- AVAX and ETH show strong signals – AVAX large holder netflow surged 380%, while ETH whales scooped up 280K tokens, possibly pushing ETH above $2K soon.
- PEPE gains attention too – Meme coin whales grabbed 350M PEPE, suggesting a potential rebound—unless the selling pressure drags it down further.
With Bitcoin finally punching through that $95K wall, things in the crypto space are heating up again. And as you’d expect, big wallets—yep, the whales—are on the move, stacking up a few altcoins they seem to believe are next in line.
Three names catching serious attention this week? Avalanche (AVAX), Ethereum (ETH), and meme darling Pepe (PEPE). Let’s break down what’s going on.
AVAX: Whale Netflow Spikes Over 380%
Avalanche, the Layer-1 network that’s been flying a bit under the radar lately, suddenly caught the whales’ eye. According to IntoTheBlock data, large holders’ netflow (basically the difference between coins going in and out of big wallets) exploded—up more than 380% this past week.
For context, “large holders” here are wallets owning over 0.1% of AVAX’s circulating supply. So… not your average bagholder. When that netflow number shoots up, it usually means these heavyweights are buying, not selling.
If this keeps up, AVAX could potentially crack that $24.28 resistance and make a push toward $30. But if buying dries up? A slip down to the $14.66 support isn’t off the table either.
ETH: Steady Whale Buying, Eyes on $2K
Ethereum hasn’t made massive headlines lately, but it’s quietly climbing—with a 3% gain in the past week. The real action? It’s happening behind the scenes.
Whale wallets holding 10K to 100K ETH (big league stuff) scooped up 280,000 ETH in the past 7 days. That’s over $510 million at today’s prices, according to Santiment. This group now holds over 25.2 million ETH—marking their highest level of the month.
If this kind of accumulation sticks around, we could finally see ETH cross the $2,000 mark. But caution’s still in the air; if the momentum fades and the bears step in, $1,733 is the level to watch on the downside.
PEPE: Meme Coin, Serious Bags
Yes, even in the world of meme coins, whales are making moves. PEPE—the amphibious favorite—is being scooped up in chunks. Wallets with 100K to 1M tokens just bought 350 million PEPE this week.
Right now, PEPE trades at $0.0000086. Doesn’t sound like much, but if accumulation keeps up, we might see it break past $0.000010 and start reversing its recent slump.
Of course, it could also go the other way. If sellers take over, there’s a decent chance PEPE revisits the $0.0000052 zone.
Bottom line
Whales are playing chess while the rest of us fidget. Whether it’s AVAX, ETH, or PEPE, their moves often hint at what’s coming next. So, might be worth keeping an eye on these three as May unfolds.
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