- Large investors have recently purchased over $450 million in Ether (ETH).
- Market analysts observe increased investor interest shifting from Bitcoin to Ethereum and other altcoins.
- Blockchain data reveals rising ETH inflows and profit-taking patterns among Bitcoin holders.
- “Smart money” traders also increased their exposure to major altcoins like ChainLink, Ethena, and Lido DAO.
- Significant crypto transactions and dormant whale activity signal broader movement toward altcoins ahead of a potential new altcoin cycle.
A group of major cryptocurrency investors acquired more than $450 million in Ether (ETH), signaling a shift in trading activity from Bitcoin toward Ethereum and other alternative cryptocurrencies. These purchases occurred in recent days, drawing attention from both analysts and blockchain data platforms.
According to blockchain analytics provider Arkham, nine large crypto “whale” addresses bought a combined $456 million in Ether from Bitgo and Galaxy Digital. Market researchers like Nicolai Sondergaard from Nansen report that this trend reflects a “natural rotation” as investors take profits from recent Bitcoin gains and move to assets they believe have higher potential for growth.
“A lot of this looks like natural rotation, investors locking in profits from Bitcoin’s run and moving into other tokens to catch potential upside,” Sondergaard told Cointelegraph. He added, “Ether in particular is benefiting because it has strong current mindshare and momentum from Ether treasury companies.”
Other data supports this trend. Crypto analyst Willy Woo stated that daily capital flows into ETH are reaching $900 million, approaching Bitcoin’s levels. Woo noted this movement intensified after Tom Lee’s ETH treasury company, BitMine, started accumulating Ether. Last week, a whale holding more than $11 billion in Bitcoin reportedly sold $2.59 billion in Bitcoin and rotated $2.2 billion into spot Ether, along with $577 million in Ether derivatives on the decentralized exchange Hyperliquid.
Reports also show that top-performing traders tracked by Nansen—referred to as “smart money”—have increased their acquisitions of other leading altcoins. These include Chainlink (LINK), with $1.2 million in purchases, Ethena (ENA) at $967,000, and Lido DAO (LDO) at $614,000. People link recent LINK accumulation to Bitwise Asset Management filing for a LINK-based exchange-traded fund with the U.S. Securities and Exchange Commission.
Activity by dormant crypto whales also highlights the trend, with one inactive since 2021 acquiring $28 million in Ether, according to Cointelegraph. These moves contribute to ongoing investor discussion about the possibility of an upcoming altcoin season.
For more insights, reference statements from Arkham and Willy Woo, as well as data from Nansen.
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