The first quarter of 2025 may have been underwhelming for crypto market participants. However, crypto whales are accumulating select altcoins as the next quarter approaches.
While some whales reinforce their positions in established tokens, others are betting on emerging narratives that could dominate the coming months.
In this analysis, CCN uncovers the altcoins whales buy and how their accumulation could impact prices.
LayerZero (ZRO)
LayerZero’s inclusion as one of the altcoins crypto whales are buying might not surprise market observers. In the last 30 days, ZRO’s price has increased by 15% and has performed well compared to most cryptos in the top 100.
Judging by recent activity, whales seem confident that the altcoin can extend its gains into April 2025.
According to Santiment, addresses holding between 10 million and 100 million ZRO tokens collectively held 143 million tokens on March 15. As of this writing, that number has risen to 153 million.
This surge suggests that crypto whales have accumulated an additional 10 million ZRO. At ZRO’s current price, this accumulation is worth nearly $30 million. If sustained, the altcoin’s value might climb higher next month.
However, this extended uptrend might not happen if buying pressure from whales drops. In that case, LayerZero’s market value might decline below $2.
Immutable (IMX)
IMX is another part of the altcoins that whales are buying for potential gains in April. According to IntoTheBlock data, the large holders’ net flow has increased by nearly 800% in the last seven days.
The NetFlow measures the volume of tokens bought and sold by crypto whales. When the figure rises, whales have bought more.
On the other hand, a decline indicates that the volume sold outweighs the one bought. Since the netflow increased, it means that whales bought more IMX.
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Should that continue in the short term, the IMX price might increase to $1 in April. Alternatively, a decline in NetFlow might invalidate this thesis, as low buying pressure could lead to consolidation or correction.
Dogecoin (DOGE)
Last on the list of altcoins crypto whales are buying is DOGE. On March 6, the number of coins held by addresses who own 1 million to 10 million Dogecoin was 10.31 billion.
As of this writing, it has increased to 10.52 billion, indicating that crypto whales accumulated about 210 million coins within the last three weeks.
At the current price of memecoin, this suggests that these key stakeholders have acquired nearly $40 million worth of the cryptocurrency.
If sustained as April nears, this buying pressure could change the recent trend in Dogecoin’s price. On a year-to-date (YTD) basis, DOGE’s price has fallen by 45%.
Thus, if whales continue to buy, the coin might erase some of those losses and climb higher.
On the other hand, if crypto whales stop accumulating DOGE, the price might continue swinging sideways or fall further.
