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Ahmed Barakat
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Crypto whale activity is sending unusual signals across the altcoin market. One whale deployed $7.22 million across nine coins, including Ethena (ENA), while Pump.fun (PUMP) faces significant whale selling. Meanwhile, historical AAVE accumulation offers contrasting angles for us watching the market.
The reported buying spree, highlighted by blockchain analytics platform Lookonchain, shows some large investors are still finding opportunities in altcoins despite selling pressure elsewhere.
Lookonchain reported that the investor acquired 378,129 LIT worth $1.4 million, 6.61 million ENA valued at $1.34 million, and 3 million ONDO worth another $1.34 million.
The remaining purchases included $948,000 in Aerodrome (AERO), $591,000 in Ethereum (ETH), $589,000 in Quant (QNT), $443,000 in Uniswap (UNI), $368,000 in Bittensor (TAO), and $195,000 in Pepe (PEPE). The portfolio spans decentralized finance (DeFi), tokenized real-world assets, and meme coins.
Crypto Whale Activity Signaling PUMP and ENA Movements
While one investor accumulated ENA, separate whale trackers flagged selling pressure in both ENA and PUMP.
PUMP saw $13.2 million in net whale selling over 24 hours, with $20.5 million sold against $7.3 million bought. Its seven-day net selling figure reached approximately $77.9 million, suggesting that large-holder distribution remains a concern.
ENA presents a more complicated picture. We tracked wallets recorded $27.5 million in distribution-side flows against $22.7 million in accumulation-side flows over 30 days, leaving approximately $4.8 million in net distribution. The $1.34 million ENA purchase stands out against the distribution trend.
For those monitoring crypto whale activity, the gap is to be questioned. Continued PUMP selling could weigh on sentiment, while ENA’s competing accumulation and distribution signals leave its next move less certain.
AAVE Whales Buy Millions as Bitcoin Hyper Presale Nears Its End
Historical crypto whale activity provides another angle for traders looking beyond immediate selling pressure. On October 1, Lookonchain reported that a wallet bought 39,018 AAVE worth approximately $6.3 million from Kraken. The transaction demonstrates substantial historical demand for the DeFi token, which then saw ENA run by more than 5%.
Bitcoin Hyper offers a different proposition. It records $33.22 million in presale fundraising milestones, a token price of $0.0136, and around 35 days remaining on its countdown. The project boasts a Bitcoin Layer 2 network designed to support faster transactions and additional functionality.
In November last year, a whale spent 155 ETH, or $374,000, on HYPER during its presale.
With the deadline approaching, buyers have a limited window under the current schedule to assess the offering.
Gain Access to New Bitcoin Layer 2 Early Before the Presale Window Ends
What to Monitor From Crypto Whale Activity?
The latest crypto whale activity reveals contrasting signs: a $7.22 million altcoin buying spree, substantial net selling in PUMP, and mixed flows in ENA. Historical AAVE accumulation and Bitcoin Hyper’s presale countdown add further angles for traders assessing large-investor behavior.
For now, watch whether PUMP selling persists, whether ENA accumulation deepens, and whether Bitcoin Hyper attracts new presale purchases before its deadline. The evidence points to selective positioning.
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