The cryptocurrency market saw a notable increase in trading activity this week after the US Federal Reserve decided to maintain interest rates. On-chain data has indicated that large investors, or whales, have been accumulating certain alternative cryptocurrencies.

Among the altcoins that whales have been acquiring in the second week of May are Ethereum (ETH), Apecoin (APE), and Polygon (POL).

ETH, a leading altcoin, has attracted attention from crypto whales following its price surpassing $2,000 due to the recent actions of the Federal Reserve and the successful implementation of the Pectra Upgrade. This surge in price has led to a spike in netflow among ETH's large holders, indicating increased whale accumulation and potentially influencing retail investors to do the same.

On the other hand, APE has also become a target for whales, with addresses holding between 10,000 and 100,000 tokens accumulating 640,000 APE in the past week. This uptick in APE holdings demonstrates a surge in investor confidence and interest in the token.

Another altcoin favored by whales this week is POL, previously known as MATIC. Wallet addresses holding between 1 million and 10 million POL tokens have acquired 3.24 million tokens in the last seven days. This increase in POL holdings among larger investors suggests a potential for the token to continue its upward trend in the near future.