Bitcoin has broken above the key $95,000 level, sparking a new wave of positive momentum in the cryptocurrency market. With a growing optimism among investors, crypto whales are showing interest in various altcoins this week.
The top choices for whale investors include Avalanche (AVAX), Ethereum (ETH), and the meme-coin Pepe (PEPE), all of which have experienced significant inflows from whales.
Avalanche (AVAX) has caught the attention of large holders this week, leading to a notable increase in whale activity reflected in a 380% surge in large holders' netflow over the past seven days, as reported by IntoTheBlock.
Ethereum (ETH) has seen a modest price increase of 3% amidst a broader market rally, supported by steady accumulation by whale addresses holding between 10,000 and 100,000 coins, acquiring over 280,000 ETH valued at over $510 million in the last week.
Pepe (PEPE), a popular meme coin, has also attracted significant whale accumulation, with wallets holding between 100,000 and 1 million tokens purchasing 350 million PEPE in the past seven days, as per Santiment data.
If the current accumulation trends continue, AVAX could surpass the $24.28 resistance and aim for $30.23. ETH might breach the $2,000 mark with ongoing whale accumulation while PEPE could reverse its downtrend and break above $0.0000010 if whale activity persists. However, if demand weakens, AVAX could drop to $14.66, ETH to $1,733, and PEPE to $0.0000052.