Ethereum News Today: Institutional Capital Shifts to Altcoins Amid Surging Whale Activity and Ethereum Accumulation

Significant whale activity has been observed across several altcoins in recent weeks, signaling potential shifts in market sentiment and capital allocation. On July 15, on-chain analyst EmberCN highlighted that a new wallet purchased 39,655 ETH—valuated at approximately $152 million—from Galaxy Digital. This large-scale acquisition suggests strong institutional or high-net-worth investor confidence in Ethereum and its ecosystem [1].

Ethereum accumulation has also been led by the infrastructure and yield-focused company The Ether Machine, which recently added 15,000 ETH to its holdings, bringing its total to 334,757 ETH. This move places the company ahead of the Ethereum Foundation and into third place among institutional holders [2]. The company announced plans to go public on Nasdaq under the ticker ETHM, with a potential listing expected in Q4 or later. The Ether Machine describes its mission as long-term accumulation and support of Ethereum, positioning the asset as a foundational layer for the new internet economy [3].

Beyond Ethereum, new wallet activity has driven significant accumulation of ether in the short term. According to Lookonchain, three new wallets accumulated 73,821 ETH—worth $283 million—in the last eight hours. Over the past month, 11 new wallets have collectively added 722,152 ETH valued at $2.77 billion [4]. The nature of these wallets—whether they represent new institutional entrants or new addresses for existing players—remains unclear [5].

Whale activity has also expanded to altcoins such as Immutable X (IMX), where Santiment reported the second-highest whale transaction day in the past three months [6]. Similarly, Chainlink (LINK) has seen large holders accumulate over 1.6 million tokens, valued at over $29 million. Analyst Ali Martinez noted that the token is currently in a bullish retest and could potentially reach $22 or even $28 [7]. This growth is attributed to Chainlink’s role in securing over 77% of Ethereum-based DeFi protocols, alongside regulatory advancements like the Genius Act [8].

Cardano (ADA), currently priced at 79 cents, has also shown signs of bullish momentum. While top Ethereum whale wallets have been reducing holdings, the top 100 Cardano wallets have been steadily accumulating [9]. Analysts have suggested that ADA could be on the verge of a breakout to $1 [10].

Hedera (HBAR) has also attracted attention following its listing on Robinhood in early July. The token saw a 12% price increase, supported by its hashgraph technology and backing from major corporations like Google and IBM [11]. Despite recent volatility, whale movements indicate continued long-term interest [12].

In the real-world asset (RWA) sector, Ondo Finance (ONDO) has emerged as a top target for whale activity. With the recent launch of China’s first tokenized yuan money market fund, whale holders are transferring ONDO tokens from exchanges to private wallets, signaling long-term confidence in the asset [13]. XRP has also seen whale movements, with over 70 million tokens moved, prompting some analysts to suggest a potential $10 price breakout [14].

The broader trend points to a reallocation of institutional capital away from Bitcoin and toward altcoins. This pattern is particularly evident in the meme coin space, where Ethereum whale wallets grew by 8% in July, and large transactions have also been observed in Bitcoin Cash (BCH) and Curve DAO (CRV) [15]. These developments suggest that the market may be entering an altcoin season, with whales seeking higher-growth opportunities in undervalued assets.

While the crypto market remains volatile, on-chain whale activity serves as an important indicator of where institutional and sophisticated investors are placing their capital. Tools like Whale Alert and Santiment are increasingly used to track these movements and identify potential investment opportunities [16].

Source:

[1] https://en.bitcoinsistemi.com/massive-whale-movement-in-this-altcoin-massive-buying-here-are-the-latest-transactions/

[2] https://coinmarketcap.com/community/articles/688b225424d51741715aace3/

[6] https://cryptodnes.bg/en/whale-activity-spikes-as-smart-money-eyes-reversal-zones/

[7] https://twitter.com/ali_charts/status/155****379821213696

[8] https://twitter.com/chainlink/status/155****385821213696

[9] https://twitter.com/joao_wedson/status/155****389821213696

[11] https://twitter.com/cryptobriefing/status/155****393821213696

[13] https://twitter.com/RWAwatchlist_/status/155****397821213696

[14] https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-whale-activity-shows-bullish-momentum-is-a-10-breakout-coming-soon/articleshow/122997983.cms

[15] https://www.ainvest.com/news/uncovering-hidden-opportunities-meme-coins-emerging-retail-investments-2507/

[16] https://whale-alert.io/