- Crypto whales accumulated $365M in Ethereum, signaling strong confidence in its future price direction and technical setup.
- Three large investors bought $9.5M worth of Fartcoin (FARTCOIN), betting on its potential despite recent price decline.
Large investors appear to be accumulating specific alternative cryptocurrencies, suggesting anticipation of broader market activity in June. Assets like Ethereum (ETH), Fartcoin (FARTCOIN), and Hyperliquid (HYPE) show increased attention from these substantial holders.
UPDATE 🚨 BITCOIN IS CLOSELY FOLLOWING THE GLOBAL M2 MONEY SUPPLY
The more governments prints money, the higher bitcoin price will go
$150,000 bitcoin is already programmed in pic.twitter.com/wjVLIPdIAR
— That Martini Guy ₿ (@MartiniGuyYT) May 25, 2025
Broader market indicators also suggest potential upward movement. Bitcoin’s established relationship with the worldwide supply of money, known as Global M2, leads some analysts to forecast a Bitcoin price target near $150,000.
🐳 There are now 151,820 wallets holding between 10 to 10,000 Bitcoin. These key stakeholders have aggressively been accumulating over the past week, collectively adding 79,244 $BTC (11,321 coins accumulated per day). 👀 pic.twitter.com/jWUtqOFaPO
— Santiment (@santimentfeed) June 3, 2025
This view often influences sentiment toward other digital assets positively. While Bitcoin spot exchange-traded funds recently experienced three days of net withdrawals, whale holdings exceeding $8.3 billion were noted last week.
Ethereum Attracts Major Investment
One identifiable investor used Galaxy Digital’s over-the-counter trading service to acquire Ethereum. This investor moved 108,278 ETH, worth $283 million, into a specific wallet. Several hours earlier, the same wallet received 89,000 ETH, valued at $233 million. The total ETH held in this single wallet now stands at 139,476 ETH, equivalent to $365 million.
It 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
— Lookonchain (@lookonchain) June 4, 2025
This pattern of acquisition suggests a planned approach to obtaining Ethereum, interpreted by some as confidence in its future price direction.
Technically, Ethereum trades above key moving averages. Some chart analysis suggests potential targets near previous high levels could be tested later in 2024 if current support holds.
Fartcoin Sees Whale Purchases
Activity also centers on the meme-inspired token Fartcoin (FARTCOIN). Information shows three separate large investors collectively bought 9.2 million FARTCOIN tokens.
3 whales bought 9.2M $Fartcoin($9.5M) over the past 4 hours.
Fresh wallet BGSLvB withdrew 4M $USDC from #Kraken to buy 3.85M $Fartcoin at $1.04.
Whale GvE26u spent 3.63M $USDC to buy 3.57M $Fartcoin at $1.02.
Fresh wallet 56sxMc spent 12,000 $SOL($1.87M) to buy 1.79M… pic.twitter.com/kNaHEPmNGt
— Lookonchain (@lookonchain) June 4, 2025
This purchase cost approximately $9.5 million. Such concentrated buying points toward investor belief in FARTCOIN’s potential for growth.
Currently, FARTCOIN trades at $0.8910, representing a 5.7% decrease over the last day. Observers note that while technical analysis suggests a possible path toward its all-time high near $2.73, the token also faces the possibility of declining to lower support zones.
Hyperliquid Gains Momentum
Hyperliquid (HYPE) has seen its price increase recently. This coincides with attention surrounding a trader named James Wynn active on the Hyperliquid platform and news about a potential listing on the Binance exchange.
Reflecting this interest, blockchain data indicates one large investor spent $6 million over three consecutive days.
A whale deposited $3M $USDC into #HyperLiquid and bought 80,321 $HYPE at a price of $37.35.
In total, the whale has spent $6M to buy 170,904 $HYPE at a price of $35 over the past 3 days using 2 different wallets.
– https://t.co/IOACZWpZax pic.twitter.com/VDz4kNPucb
— Onchain Lens (@OnchainLens) June 4, 2025
This capital purchased more than 170,000 HYPE tokens. This sustained buying effort by a single entity contributes to the token’s current activity.
