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Cryptocurrency News Articles

Crypto Whales Are Shifting Their Focus to Select Altcoins

Apr 27, 2025 at 04:00 am

input:output: Related: Crypto Christopher: These 5 Altcoins Show Strong Pre-Bull Run Signs

Crypto Whales Are Shifting Their Focus to Select Altcoins

Crypto whales are shifting their focus toward select altcoins as Bitcoin (BTC) and the broader market show signs of recovery.

Blockchain data by Lookonchain reveals heavy whale accumulation in Virtual (VIRTUAL), Worldcoin (WLD), and Game (GAME) over the past few days.

As a result, Virtual, Worldcoin, and Game saw massive gains of over 20% within 24 hours.

Virtual Tokens See Large-Scale Purchase

One whale wallet has bought 2.53 million Virtual tokens for about $2.66 million. The whale acquired the tokens at an average price of $0.93 each.

This comes as Virtual saw a 34% increase to $1.10 and a 242% increase in transaction volume.

Virtual has now seen an 85% increase in the past week, trading at $1.07.

Worldcoin and Game Tokens See Large Buys

The same whale also bought 1.48 million Worldcoin tokens, spending about $1.73 million at an average of $1.02 per token.

Worldcoin has remained in the spotlight due to its mission to provide identity verification solutions using AI-driven platforms.

Following the accumulation, Worldcoin’s price rose more than 24% to $1.17, while its trading volume surged 150% to reach $481 million within 24 hours.

In addition, the whale made a larger-volume but lower-value investment in Game tokens. A total of 6.47 million Game tokens were acquired for approximately $299,000, at an average price of around $0.04 per token.

Notably, after the purchases, Game’s price jumped by 70% to $0.5, and its trading volume climbed 76% to $6 million. The move suggests growing optimism around the gaming sector, particularly as Web3 gaming projects gain traction again.

Lookonchain also noted a smaller whale purchase involving Cookie (COOKIE) tokens. The whale bought around 303,574 Cookie tokens for roughly $40,700, at $0.13 each.

Although smaller compared to other transactions, this buy indicates that whales are diversifying their portfolios by adding small-cap assets.

The rapid gains in Virtual, Worldcoin, and Game reflect how whale movements can heavily influence price action and market sentiment in the altcoin sector.

The latest whale activity comes as Bitcoin stabilizes following a sharp rally that lifted broader crypto markets. Bitcoin now trades at 94,414, after a 0.8% rise in the past day to increase its weekly gain to 10%.

Disclaimer:info@kdj.com

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Other articles published on Apr 27, 2025