The final days of May brought a noticeable slowdown in crypto trading as many investors locked in profits after recent market rallies. But while short-term momentum cooled, large investors — known as whales — began quietly shifting their focus to a select group of altcoins.
On-chain activity shows clear signs of accumulation among some key tokens, suggesting that whales are positioning for what could be an active June.
Here are the altcoins currently on their radar — including one new name that’s catching serious attention.
Dogecoin (DOGE)
Dogecoin remains one of the most watched meme coins in the market — and it’s now seeing renewed accumulation from mid-level whales. Wallets holding between 1 million and 10 million DOGE have increased their positions by 30 million tokens over the past week, according to data from Santiment.
This kind of strategic buying by large holders often signals upcoming price action. It tends to draw in retail buyers who see whale activity as a vote of confidence — and that can lead to rapid upward momentum.
If that trend continues, DOGE could push toward $0.206. However, if whale buying slows and selling pressure builds, it may drop back to around $0.175.
Avalanche (AVAX)
AVAX, a Layer-1 blockchain token, is also seeing a wave of interest from whales. Over the past seven days, netflows into whale wallets have surged by 474%, a major sign that large holders are actively accumulating.
These netflows track the difference between coins being bought and sold by major wallets. A sharp uptick suggests that confidence in AVAX is rising — and that big players are preparing for a potential breakout.
If accumulation continues, AVAX could rebound to $24.28. But if selling resumes, a slide toward $14.66 remains possible.
Quant (QNT)
While most of the market cooled, Quant stood out — gaining 7% even as other assets lost steam.
The boost seems linked to the launch of Overledger Fusion, a Layer 2.5 solution that bridges institutions, enterprises, and DeFi ecosystems. Following the announcement, QNT’s large holder netflow surged by 1083%, showing that whales are entering aggressively.
This kind of inflow is often a signal that major investors expect strong short-term performance. If buying continues, QNT could climb to $115.20. A shift in momentum, however, could see it retrace to $101.87 or even $93.52.
Solaxy (SOLX)
One of the newest names catching whale attention is Solaxy (SOLX) — the first-ever Layer-2 scaling solution built for the Solana ecosystem.
NEXT 100X SOLANA MEME COIN! $SOLX IS THE FIRST SOLANA LAYER 2 BLOCKCHAIN!
Launched in December 2024, Solaxy quickly raised over $1 million during its presale. The project uses rollup technology to improve Solana’s scalability and transaction speed while maintaining security and developer flexibility.
Whales appear to be positioning early, not just because of the project’s utility, but also because of its unique mix of infrastructure and meme coin appeal. The SOLX token is used for staking, transactions, and network security — with staking rewards offering long-term passive income.
Its growing reputation among developers and analysts, along with successful audit clearances, has helped build trust early on. If Solaxy continues to gain traction, it could become one of the breakout altcoins of the season.
Conclusion
While trading volume dipped to end May, whales haven’t gone quiet. In fact, their accumulation patterns suggest that major players are prepping for the next big move — and they’re focusing on tokens with strong utility and upside potential.
From the familiarity of DOGE to the technical progress of AVAX and QNT, and now the rising star Solaxy, June could offer significant opportunities for those watching closely.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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