Crypto Whales Load Up on Altcoins: ETH, AVAX, and PEPE in Focus

At the beginning of May 2025, crypto whales are demonstrating a robust altcoin tilt, including Ethereum (ETH), Avalanche (AVAX), Pepe (PEPE), Onyxcoin (XCN), and Artificial Superintelligence Alliance (FET), indicating possible upward trends. Ethereum's whale wallets have hit an all-time high since August 2023 even after the price correction, and Avalanche has seen a massive whale netflow surge. One of the highlight solo buys include the whale's $5.53 million TRUMP token purchase and the other's $488,600 AVA purchase, showing positivity for meme coins as well as altcoins.

At the same time, long-hibernating Bitcoin (BTC) whales have started to wake up, moving large amounts of BTC to exchanges after over a decade of dormancy, fueling rumors of selling or tactical reshuffling. The movements are part of a larger trend of greater BTC movements to large exchanges such as Binance, Bitfinex, and Coinbase Institutional.

This twin phenomenon of repositioning BTC and altcoin accumulation promises a messy market situation, where there could be both altcoin rallies and increased volatility in Bitcoin prices as whales rebalance their portfolios and perhaps take profit or rebalance their holdings