Whales Accumulate DOGE, AVAX, QNT, Signaling Potential Price Gains

Coin WorldSaturday, May 31, 2025 9:34 am ET
1min read

Whales have been actively accumulating Dogecoin (DOGE), Avalanche (AVAX), and Quant (QNT), signaling potential price gains amidst a relatively quiet market. This trend indicates renewed interest and confidence in these cryptocurrencies, which could drive their values higher in the coming weeks.

DOGE, the leading meme coin, has seen a significant increase in accumulation by whale wallets holding between 1 million and 10 million tokens. According to Santiment, this group of DOGE whales added 30 million tokens to their wallets over the past week. Such buying activity by whales often serves as a strong signal to retail traders, encouraging them to participate and potentially driving up DOGE’s value as buying momentum builds across the market. If buying pressure continues, the token could resume its rally and climb to $0.206. However, if whale accumulation stalls and selloffs strengthen, DOGE’s value could fall to $0.175.

AVAX, a Layer-1 (L1) coin, has also shown strong whale interest, with a 474% uptick in the coin’s large holders’ netflow in the past seven days. Large holders are whale addresses that hold more than 0.1% of an asset’s circulating supply. Their netflow tracks the difference between the coins they buy and the amount they sell over a specific period. When an asset’s large holders’ netflow increases, more of its tokens are flowing into the wallets of these major investors than are flowing out. This trend indicates that AVAX whales are accumulating the asset, signaling confidence in its future value. AVAX could witness a rebound and surge to $24.28 if whale accumulation continues. On the other hand, the altcoin’s price could extend its decline to $14.66 if the whales begin to sell for profit.

QNT has defied this week’s broader market downturn, posting 7% gains. The token’s near-10% rally appears to be fueled by renewed investor interest following the launch of Overledger Fusion, a Layer 2.5 network designed to bridge institutions, enterprises, and decentralized finance (DeFi) ecosystems. It has also driven a surge in whale accumulation, indicated by the 1083% rally in the token’s large holders’ netflow over the past week. This uptick signals growing confidence in QNT’s short-term performance and hints at the likelihood of further rallies as large investors increase their exposure. If these traders continue to buy QNT, they could drive its price to $115.20. However, if selloffs resume, QNT could slip below $101.87 and fall toward $93.52.

As the cryptocurrency market evolves, the significant accumulation of DOGE, AVAX, and QNT by whales suggests a strengthened outlook for these altcoins. Investors should monitor ongoing whale activity closely, as it typically forecasts market trends. Maintaining vigilance could reveal opportunities for potential gains.

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