Whale Activity Surges 380% for Avalanche, 3% for Ethereum as Bitcoin Breaks $95,000
1min read Whale activity surged across multiple altcoins in the first week of May 2025, fueled by Bitcoin’s breakout above $95,000. This surge in activity has sparked significant interest in altcoins, particularly Avalanche (AVAX) and Ethereum (ETH).
Avalanche (AVAX) experienced a notable 380% increase in large holder netflows. This surge in whale activity suggests a potential price rally for avax, with the possibility of reaching $30 if the accumulation trend continues. Large holders, defined as wallet addresses holding over 0.1% of an asset’s circulating supply, have been actively buying AVAX, which is a bullish signal for the market. If this trend persists, AVAX could breach the resistance at $24.28 and rally towards $30.23. However, if demand wanes, AVAX could fall to $14.66.
Ethereum (ETH) also saw a steady 3% rise in the past week, with whales acquiring 280,000 ETH. This accumulation by whales, who hold between 10,000 and 100,000 coins, has driven ETH’s price upwards. As of now, this cohort of ETH whales controls 25.24 million ETH, their highest holding in the past month. If the accumulation trend continues, ETH’s price could be driven above the psychological $2,000 mark. However, if the bears regain dominance, they could push the coin’s price to $1,733.
The recent spike in whale activity across altcoins like AVAX and ETH emphasizes a shifting market sentiment, marking a potential turning point for the crypto landscape. A continued bullish trend driven by whale accumulation could lead to significant price increases. Investors should remain vigilant as market dynamics unfold, as the actions of these large holders can significantly influence the direction of the market.
Ask Aime: "Will AVAX's 380% whale surge lead to a $30 rally?"
