Ethereum (ETH) Analysis: Trends Among Crypto Whales Highlight Key Altcoins

Altcoin Analysis: Whales Accumulate Key Assets

The cryptocurrency market observed a slight increase in trading activity this week, with global market capitalization rising by 3% over seven days. This growing optimism has driven whales to accumulate notable altcoins like Toncoin (TON) and Ethereum (ETH).

Focus on Toncoin (TON)

This week, crypto whales paid closer attention to Toncoin (TON), especially as its price continues to rise. Trading at $5.55, Toncoin has seen a significant 16% price increase over the past week, benefiting many of its holders.

Recent data indicates that the number of whale addresses holding between 1,000 and 100,000 TON has peaked at 1219, its highest in 30 days, signaling an uptick in whale trading activity.

Ethereum (ETH) Analysis

Ethereum (ETH) has also seen substantial activity, with large holders’ netflow increasing by 109% this week. Whales, which hold over 0.1% of ETH’s circulating supply, continue to purchase despite resistance at the $2,386 price level.

If ETH manages to break through this resistance, analysts predict a positive trend, potentially reaching $2,783.

Spotlight on Artificial Superintelligence Alliance (FET)

Furthermore, the AI-driven Artificial Superintelligence Alliance (FET) has surged by 25% over the week, attracting attention after reports emerged that OpenAI aims to raise $6.5 billion in equity financing. Whale addresses holding between 10,000 and 1,000,000 FET have climbed to 763, the highest recorded.