ETH & XRP Whale Activity Fuels Memecoin Rally, Altseason

Published: 2025-07-12 16:04:02 |

Whale activity in Ethereum and XRP has reached multi-year highs, according to Santiment. Wallets holding over 10,000 ETH now control 75.74% of supply, while 2,743 wallets hold at least 1M XRP. This surge in whale activity has fueled a memecoin rally and revived altseason hopes, pushing meme coins up 4% with $14.2B in trading volume as DOGE +21%, SHIB +16%, PEPE and BONK +20%. Notable buys include 104,509 ETH (~$285M) and $97M in altcoins. Ethereum nears $3,000 amid bullish sentiment, but excessive optimism warns of a potential pullback. XRP bulls eye the $3 zone. Traders expect altseason momentum and watch if Bitcoin holds above $110,000 to sustain gains.

Bullish

Record whale activity in ETH and XRP indicates strong accumulation by large investors, boosting market demand. Combined with a 4% memecoin rally, Ethereum approaching $3,000, and increasing XRP holdings, these factors signal bullish sentiment. While excessive optimism may lead to short-term pullbacks, the overall trajectory points to a sustained altseason, particularly if Bitcoin maintains support above $110,000. Traders can expect further price appreciation across these assets in both the short and long term.