"Crypto Whales Fuel Altcoin Surge: MKR, LDO, APE in Spotlight"

Crypto Whales Bought These Altcoins in the Third Week of February 2025

In the third week of February 2025, crypto whales, or large investors, have been actively accumulating select altcoins, signaling a potential shift in the market. This week, the global cryptocurrency market cap rose by 2% over the past seven days, indicating increased trading activity.

Among the altcoins that have caught the attention of crypto whales are DeFi token Maker (MKR), governance token Lido (LDO), and utility token ApeCoin (APE).

Maker (MKR) has seen increased whale activity this week, with a surge in its supply held by addresses that hold between 100,000 and 1,000,000 tokens. According to Santiment, this cohort of investors has accumulated 65,000 MKR tokens valued above $92 million at current market prices in the past seven days. At press time, they hold 214,000 MKR, their largest count since April 2023. MKR currently trades at $1,436, and the rise in whale accumulation has pushed its price up by 41% in the past seven days. If this trend persists, MKR could rally to $1,780.

LDO, the governance token of liquid staking protocol Lido, is another altcoin on the whales’ radar this week. Data from IntoTheBlock shows an 184% rise in its large holders’ netflow during the review period. Large holders are investors who control more than 0.1% of an asset’s circulating supply. Their netflow measures the difference between the coins they buy and sell over a set period. When an asset’s large holders’ netflow spikes, it signals that major investors are accumulating more coins. This bullish trend could encourage retail traders to follow suit, driving increased demand and putting more upward pressure on the asset’s price. LDO currently trades at $1.83, and if whale accumulation persists, it could push the coin’s price above $2 in the near term.

Another altcoin that crypto whales have paid attention to this week is ApeCoin’s utility token APE. It currently trades at $0.740, noting a