Ethereum whales, known for their significant influence in the crypto market, have been making substantial investments in Raydium, Algorand, and Rollblock, signaling a potential shift in the altcoin landscape. These whales, with their deep pockets and extensive market knowledge, are betting big on these projects, indicating a bullish sentiment despite the recent market volatility.

Rollblock (RBLK), an Ethereum-based GambleFi protocol, has caught the attention of these whales with its innovative token buyback and burn program. The protocol repurchases a significant portion of its weekly gaming revenues and uses 60% of it to reduce the RBLK supply, thereby boosting its market price. The remaining 40% is distributed as a weekly dividend to RBLK token holders, offering up to a 30% APY. This clever revenue-sharing strategy and deflationary tokenomics have drawn serious attention from crypto whales, pushing RBLK's price up by 420% in its presale and attracting over $9.8 million in investments. Analysts predict that RBLK could see an additional 420% increase before its ICO concludes and potentially explode over 50x once it debuts in the open market.

Despite the recent bearish sentiment in the Ethereum community, with 31% of investors turning bearish due to ETH's failure to break above the $4,107 zone, whales remain optimistic about the altcoin market. Ethereum's year-to-date gains have been reduced to a disheartening 39%, and the cryptocurrency has been struggling to hold above $3k. However, this bearish sentiment has not deterred whales from exploring other promising altcoins like Raydium and Algorand.

Algorand (ALGO) has been trading at the $0.37 zone after a significant crash from its recent high of $0.61. Although ALGO is far from its 2021 highs of $2.9, the altcoin has been making progress lately, with a 15% increase in the past month and yearly yields of 124%. CoinCodex Algorand price forecast suggests that ALGO is expected to post stable price action throughout the year in the $0.3-$0.6 zone, potentially yielding 60%.

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