Whales Buy $1.3B in ETH, 1,130 BTC and ASTER
Crypto whales have ramped up purchases across major tokens. According to Lookonchain, the “66kETHBorrow” whale has amassed 385,718 ETH—worth $1.33 billion—since November 4, including $105 million in one hour, using $270 million borrowed from Aave. Another large holder, “ThisWillMakeYouLoveAgain,” added 8.41 million ASTER at an average $0.97, netting $1.1 million in unrealized gains. A new wallet “bc1qt4” bought 1,130 BTC ($116.6 million) on FalconX, while whale “0x20d6” acquired 523,007 UNI ($4.44 million). Crypto fund Paradigm invested $581 million to purchase 14.7 million HYPE. These moves underline continued bullish momentum from crypto whales across the market’s top assets and high-potential altcoins.
Bullish
The wave of large-scale purchases by crypto whales signals strong bullish sentiment across major assets. Historically, pronounced whale accumulation—particularly in ETH and BTC—has preceded upward price momentum, as seen ahead of the 2021 bull run. The sizeable ASTER and HYPE acquisitions by specialized whales and institutional players like Paradigm also highlight growing confidence in select altcoins. In the short term, these on-chain inflows should provide price support and may trigger momentum trading, potentially driving immediate rallies. Over the long term, sustained whale activity often attracts retail interest and can underpin broader market stability, reinforcing a bullish outlook for both core cryptocurrencies and promising altcoin projects.