Crypto Whales Strike: These Altcoins They Bought in the Second Week of May 2025
Crypto Whales Strike: These Altcoins They Bought in the Second Week of May 2025
BeinCrypto
Today, 9:00 GMT (13 hours ago)
The crypto market has seen a significant increase in trading activity this week following the U.S. Federal Reserve's decision to keep interest rates steady. Amid the broader rally, on-chain data has revealed whale accumulation in several major altcoins.
Here are the top altcoins crypto whales bought in the second week of May.
Top Altcoins: Ethereum
The leading altcoin ETH has emerged as one of the assets crypto whales have been paying attention to this week. The altcoin has reclaimed the $2,000 mark following the Federal Reserve's seemingly less hawkish stance on interest rate policy and the successful implementation of the Pectra upgrade.
These catalysts have helped restore bullish momentum, and ETH whales are taking advantage. According to Into TheBlock, the coin's net flow from large holders has increased by 374 percent in the last seven days.
ETH Large Holders' Net Flow. Source: TradingView
A large holder refers to a wallet address that controls more than 0.1 percent of an asset's circulating supply. Their net flow measures the balance between coins flowing into and out of those wallets.
An increase in net flow indicates increased whale accumulation, a bullish signal that may encourage retail investors to follow suit.
In the case of ETH, the recent increase in net flow from large holders indicates growing confidence among large investors, which could help stabilize the price above $2,000 in the short term.
Altcoins for May: Apecoin (APE)
APE is another altcoin that whales have added to their portfolios this week. At the time of publication, the altcoin is trading at $0.61 and has risen 13 percent over the past seven days.
Whale addresses holding between 10,000 and 100,000 tokens have acquired 640,000 APE during this period.
APE Supply Distribution. Source: Santiment
This group of APE investors currently holds 30.94 million tokens, the highest level since November 2022. The increase in holdings underscores renewed confidence and growing interest in APE, suggesting that large investors are positioning themselves for potential upside.
Polygon (POL): Current Developments and Market Trends
Formerly known as MATIC, POL is another token on whales' radar this week. According to Santiment, wallet addresses holding between 1 million and 10 million tokens have purchased 3.24 million POL in the last seven days.
POL Supply Distribution. Source: Santiment
This cohort of POL investors currently holds 308.34 million tokens. If whale accumulation continues, POL could continue its ongoing rally in the short term.
The post "Crypto Whales Strike: These Altcoins They Bought in the Second Week of May 2025" first appeared on BelnCrypto - Crypto News.