Altcoin Whales Accumulate Big as AAVE and ADA Transactions Surge 200

Coin WorldSaturday, Mar 8, 2025 5:21 am ET

1min read

Whale transactions in the altcoin market have surged, sparking speculation about a potential price rally. On-chain data reveals a significant increase in large transactions for several major altcoins, including aave (AAVE), Cardano (ADA), and Optimism (OP). This surge suggests that high-net-worth investors and institutions may be accumulating these assets, potentially hinting at a rally if market conditions remain favorable.

Santiment data highlights a sharp rise in whale transactions over $100K across several major altcoins. Aave (AAVE) on Polygon saw a 267% increase, while HEX and OKB transactions over $100K shot up by 256% and 200%, respectively. Other altcoins experiencing significant spikes include Cardano (ADA) with a 193% increase, Optimism (OP) with a 140% increase, and Trillioner (TLC) with a 133% increase. Bitcoin Cash (BCH), Curve Finance (CRV), BitDAO (BIT), and GateToken (GT) also saw notable increases of 128%, 100%, 100%, and 100%, respectively.

The spike in high-value transactions could indicate strategic positioning by large investors expecting a rebound in the altcoin market. This accumulation by whales suggests that they are preparing for a potential price surge, which could drive the overall market upward. The current market conditions, however, remain neutral, with broader indicators suggesting a stable but not overly bullish environment.

CryptoQuant CEO Ki Young Ju pointed out that the current altcoin market is in a “zero-sum PvP game,” where movements are largely rotational among themselves without fresh capital inflows. This observation underscores the importance of strong use cases and narratives for altcoins to survive the current cycle. Despite the surge in whale transactions, the overall altcoin market cap remains below its previous all-time high, indicating that the market is still in a consolidation phase.

Technical analysis of the altcoin market cap chart (excluding Bitcoin and Ethereum) provides further clues for a potential altcoin season. The total altcoin market cap stands at $825.83 billion, just under the 20-day EMA of $852 billion, which is an area of substantial resistance. A breakout above this

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