Analytical platforms such as Gate Learn note that the current “ALTCOIN SEASON” has not yet fully begun, and whales prefer targeted bets instead of continuous buying of the entire market.
Whale behavior regarding altcoins at the moment is divided into specific categories:
• Ethereum ($ETH ): Sentiment among whales has split. Part of institutional players is moving funds from Bitcoin to ETH for passive income—there’s been a major deal where a whale converted $86.7M from BTC into Ethereum for long-term staking. At the same time, the spot market is seeing volatility: amid a local drop in ETH to $2,635, some large OTC whales have begun panic-selling, locking in gains by selling coins for more than $111M.
• $XRP : The coin is showing an enormous influx of large capital. Based on recent on-chain metrics, whales have bought XRP worth about $2.2B, fueling expectations of testing price levels up to $1.60.
• Solana ($SOL ) and NEAR: There’s strong activity. The NEAR token caught the attention of whales due to a major AI utility upgrade (support for staking credits for 43 AI models), which triggered a sharp surge.
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