Bitcoin has broken the psychological threshold of 95,000 USD, sparking a price increase momentum in the cryptocurrency market. As market sentiment becomes increasingly positive, crypto whales are buying various altcoins this week.
Among the top choices are Avalanche (AVAX), Ethereum (ETH), and meme-coin Pepe (PEPE), all of which have seen significant whale inflows this week.
Avalanche (AVAX)
The Layer-1 (L1) coin AVAX has attracted whale attention this week, demonstrated by a sudden increase in net inflows from large investors. According to IntoTheBlock, this number has increased by over 380% in the past seven days.
AVAX large investors' net inflow. Source: IntoTheBlockA large investor is a wallet address holding more than 0.1% of a asset's circulating supply. Large investors' net inflow tracks the buying and selling activities of these investors.
When this net inflow increases, crypto whales are buying more tokens. This price increase signal typically encourages smaller investors to increase their holdings.
If the AVAX accumulation trend continues, its price could break the resistance level at 24.28 USD and rise to 30.23 USD.
AVAX price analysis. Source: TradingViewConversely, if demand decreases, AVAX could drop to 14.66 USD.
Ethereum (ETH)
Amid the recent broad market price increase, ETH has recorded a modest 3% price increase in the past seven days, supported by steady whale accumulation.
According to Santiment, during that period, whale addresses holding 10,000 to 100,000 coins bought 280,000 ETH worth over 510 million USD at current market prices.
ETH whale activity. Source: SantimentAt the time of writing, this ETH whale group controls 25.24 million ETH, the highest holding level in the past month. ETH price could break the psychological threshold of 2,000 USD if whale accumulation continues.
ETH price analysis. Source: TradingViewHowever, if bears regain the advantage, they could push the coin price down to 1,733 USD.
Pepe (PEPE)
The popular meme coin PEPE is another asset that has seen increased accumulation from crypto whales this week. According to Santiment, wallet addresses holding 100,000 to 1 million tokens bought 350 million PEPE in the past seven days.
PEPE whale activity. Source: SantimentAt the time of writing, this meme coin is trading at 0.0000086 USD. If whale accumulation continues, PEPE could reverse its current downward trend and break the resistance level at 0.0000010 USD.
PEPE price analysis. Source: TradingViewConversely, if selling continues, the token price could drop to 0.0000052 USD.
