News View Non-AMP

Whales Bet Big on THESE 5 Altcoins as Ethereum ETF Approval Nears

Published by
Elena R

Large wallet investors, or “whales,” have recently shown increased interest in Ethereum-based altcoins. On-chain crypto intelligence trackers have noted significant buying activity of ENS, UNI, AAVE, LDO, and LINK tokens. This surge follows the SEC’s recent approval of the Ethereum ETF, which analysts interpret as a positive signal for the altcoin market. 

With this surge in altcoin interest, the question arises: could this challenge Bitcoin’s dominance and mark the beginning of an altcoin season? Let’s dive into the altcoin market to see what’s happening.

Whale Wallets on the Move

According to Lookonchain data, new whale wallets have been actively scooping up large amounts of altcoins from the centralized exchange Binance. Here’s a breakdown of their acquisitions:

  • Ethereum Name Service (ENS): 82,040 tokens worth $1.98 million
  • Uniswap (UNI): 214,465 tokens worth $1.97 million
  • AAVE: 39,762 tokens worth $3.97 million
  • Lido (LDO): 2,389,987 tokens worth $5.54 million
  • Chainlink (LINK): 65,541 tokens worth $1.13 million

These purchases reflect growing confidence among big investors, possibly encouraged by the positive outlook following the Ethereum ETF approval.

The Ethereum ETF Effect

After the ETF approval, trading volumes in the Ethereum ecosystem surged by 16% in just 24 hours, indicating increased interest and activity from investors. While some Ethereum tokens saw price increases, the market has yet to experience the explosive growth typical of a full-blown altcoin season.

Crypto analyst Dan Gamberdello sees the SEC’s approval as bullish for altcoins, marking Ethereum as a legitimate “commodity.”

Another analyst, known as CryptoYoddha, believes that altcoins are poised for significant gains in the coming weeks, predicting that Ethereum’s strength and Bitcoin’s declining dominance will favor altcoin performance.

Vitalik Buterin Receives Starknet Grant

In other news, Ethereum co-founder Vitalik Buterin received 845,205 STRK tokens, valued at around $1.07 million, from Starknet’s Locked Token Grant contract. This grant highlights Buterin’s early support and continued involvement in Starknet, an Ethereum Layer 2 network aimed at improving scalability and efficiency. Distributing tokens to key figures like Buterin aims to encourage further innovation and adoption of Starknet within the Ethereum ecosystem.

Looking ahead, the altcoin market promises significant opportunities. Analysts predict that the five mentioned altcoins will outperform others, offering substantial returns for investors who are ready to seize the moment.

Ready to join the altcoin revolution? Research and invest responsibly!

Also Check Out : How the Exclusion of Staking from Ethereum ETFs Could Enhance Resilience?

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

XRP vs. Bitcoin: Retail Investors Drive XRP’s Growth While BTC Stalls

A new report from Glassnode reveals an interesting shift in crypto investment trends. While Bitcoin…

April 4, 2025

Fartcoin Roars Back With 24% Surge: Eyes Locked On $1 As Momentum Builds.

Fartcoin (FART), the AI-backed memecoin cryptocurrency, blasted onto the scene with 24.5% price pop in…

April 4, 2025

Is First Digital Trust in Crisis? Justin Sun Exposes $100M Deficit

Tron founder Justin Sun has publicly accused First Digital Trust (FDT), a Hong Kong-based financial…

April 4, 2025

XRP Price Today: Can It Break Out or Will the Bearish Trend Continue?

The crypto market has been all over the place recently, and XRP is no exception.…

April 4, 2025

Top Altcoins to Watch in April 2025

Crypto markets had a wild week - prices jumped, dipped, and then bounced back, all…

April 4, 2025

Why Is Bitcoin Mirroring the Stock Market Crash? Michael Saylor Explains

Since February, when announced his aggressive tariff plan, the U.S. economy has been on shaky…

April 4, 2025