In the first week of June, the cryptocurrency market witnessed significant participation from whales and institutional investors in three Altcoins: ETH, Fartcoin and hype.
These large-scale buying and selling activities reflect confidence in the growth potential of these coins and can have a significant impact on market trends.
Ethereum (eth)
According to data from Lookonchain, the facility or whales have made bulk purchases of 108,278 Ethereum (ETH), worth $283 million, via OTC (commercial) channels. The Galaxy Digital OTC wallet has performed this transaction. This transferred 108,278 ETH to the wallet at address 0x0B26 after withdrawing 89,000 ETH (valued by $233.5 million) from the previous 12-hour exchange.
The wallet currently holds approximately $365 million in assets. Traders often use OTC transactions like this to avoid causing significant market volatility.
This indicates that the agency has a strategic accumulation of ETH, possibly preparing for a future price surge. The coin also saw its strongest six-week inflow streak since 2024, adding $286 million last week amid rising institutional demand.
At the time of writing, ETH is trading at $2,637, an increase of 1% over the past 24 hours. According to Trader Cryptofaibik, ETH is moving within a multi-year, symmetrical triangle pattern developed since early 2021.
“If you exceed $3,500 a month, you’ll see a breakout from a multi-year triangle,” Cryptofaibik shared.
fartcoin (fartcoin)
Fartcoin, a meme coin for the Solana (SOL) platform, is also attracting a lot of attention from large investors. According to LookonChain data, three whales purchased 9.2 million Fartcoins within four hours, totaling $9.5 million.
These deals suggest that the whale group will soon be very optimistic about Fartcoin’s growth potential.
At the time of writing, Fartcoin has declined 4.7% over the last 24 hours, trading at $1.08. However, some traders remain very optimistic about the long-term price of this meme coin.
High lipids (hype)
Another emerging altcoin, the hype, has not escaped the attention of whales. aAdjusting data from Onchainlens, one whale spent $6 million over three days buying over 170,000 hype. This aggressive accumulation occurs despite the hype being not yet listed in the major exchange.
As Beincrypto reported, the recent surge in value in the hype could be attributed to Trader Trader James Wynn’s hype. Coupled with large investor participation, this shows strong confidence in the long-term potential of hype. It could indicate an upcoming price boom, especially after being listed on Binance Us.
At the time of writing, the hype is trading at $36.59, a 1.7% drop in the last 24 hours.
The involvement of whales and institutional investors in ETH, Fartcoin and hype in the first week of June 2025 is a positive signal. It reflects strong confidence in the cryptocurrency market. These large transactions demonstrate long-term investment strategies and could potentially catalyze prices in the future.
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