Whales Buy Billions In Crypto This Week Ahead of June Bull Market - 3 Best Altcoins to Watch
The recent whale accumulation pattern strongly indicates that the next crypto bull run is imminent and will likely be far more explosive than the previous runs in this cycle.
Take, for instance, Bitcoin. The fact that spot BTC ETFs saw three straight days of outflows drew plenty of headlines, entirely missing that the biggest whales are on a massive accumulation spree.
Data from Santiment reveals that whales holding 10 to 10,000 Bitcoin added 79244 BTC, worth over $8 billion, just in the past week. Prominent analyst Ali Martinez also flagged this heavy buying, revealing that some of the biggest whales have added 36000 BTC in the past 96 hours.
Meanwhile, the spot BTC ETFs also broke their 3-day trend of outflows, recording $375 million in inflows on Tuesday.
These major stakeholders may finally be on board with Bitcoin’s strong correlation with the Global M2 money supply, which indicates that the largest cryptocurrency is headed to $150,000.
However, the June crypto bull run could finally trigger an altcoin breakout against Bitcoin pairs, with multiple indicators now signalling a brewing altseason. Interestingly, whales are heavily accumulating altcoins as well.
It is finally Ethereum’s time. The largest altcoin is seeing tremendous buying from whales and institutions.
One particular transaction flagged by the on-chain data platform Lookonchain created a significant buzz. Galaxy Digital, a top digital services platform for institutional clients, purchased 89,000 ETH from various exchanges and then transferred 108,278 ETH, worth $283 million, to a whale/institution.
This whale or institution now has 139,476 ETH, worth nearly $365 million.
— Lookonchain (@lookonchain) June 4, 2025It seems that a whale/institution bought 108,278 $ETH($283M) through OTC.
Galaxy Digital OTC wallet withdrew 89,000 $ETH($233.5M) from exchanges in the past 12 hours, and then transferred 108,278 $ETH($283M) to the whale/institution wallet 0x0b26.
Wallet 0x0b26 currently holds… pic.twitter.com/BgqiLH2xlH
Meanwhile, spot Ethereum ETFs are grabbing headlines with continuous inflows. In particular, BlackRock’s ETHA ETF now has over $4.7 billion in assets under management.
Whales and institutions are clearly going all in on Ethereum, which is now showing strength against Bitcoin and is poised for new all-time highs.
The meme coin market leader, Dogecoin, is another favourite of the whales.
The aforementioned prominent analyst, Ali Martinez, recently reported that wallets containing 100,000,000 to 1,000,000,000 Dogecoin purchased 1 billion DOGE over the span of a month.
Prominent analysts like Solberg Invest are bullish on Dogecoin’s upside prospects, with $0.43 emerging as a consensus target in the mid-term and $1 in the long term.
Even new meme coins like Solaxy (SOLX) are in demand from the whales. Low-cap gems tend to deliver outsized returns during the bull market euphoria.
For instance, SOLX continues to record high six-figure investments throughout the duration of its presale, which has resulted in it raising nearly $45 million in short order.
Just recently, a whale swapped 150 ETH for SOLX, investing nearly $400k into the new meme coin.
With the Solaxy presale ending in less than two weeks on June 16th, experts are anticipating more such buys as whales FOMO to invest in the first prominent Solana Layer-2 coin early.
Solaxy could soon be a key part of the Solana ecosystem, considering its ability to facilitate fast and cheap transactions, zero downtime and exponential scalability, even during periods of heavy traffic.
The Solaxy Testnet is already live, and the chain will go live this month itself. Before it goes mainstream and the hype reaches a fever pitch, whales are looking to position themselves for the explosive rally.
Several prominent analysts are even calling SOLX the next 10x crypto.
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