Whales accumulate Ethereum, Fartcoin and Hyperliquid ahead of possible rally

• Ethereum accumulates $365 million from crypto whales
• Fartcoin attracts $9,5 million in strategic purchases
• Hyperliquid moves whale with US$6 million invested

The biggest whales in the cryptocurrency market have once again made significant moves, betting on a possible recovery in June. Three altcoins have gained prominence in recent weeks: Ethereum (ETH), Fartcoin (FARTCOIN) and Hyperliquid (HYPE). The concentration of capital in these crypto assets indicates confidence in significant appreciation in the short and medium term.

🐳 There are now 151,820 wallets holding between 10 to 10,000 Bitcoin. These key stakeholders have been aggressively accumulating over the past week, collectively adding 79,244 $ BTC (11,321 coins accumulated per day). 👀 pic.twitter.com/jWUtqOFaPO

- Santiment (@santimentfeed) June 3, 2025

The optimism is also driven by external factors. Recent data suggests that Bitcoin’s correlation with the global M2 money supply suggests a price target of around $150.000. Despite recent outflows from BTC spot ETFs, institutional portfolios have accumulated over $8,3 billion in a single week, signaling strong interest in digital assets.

Ethereum has been leading the charge. According to Lookonchain, a whale used Galaxy Digital’s OTC wallet to acquire 108.278 ETH, worth $283 million. Prior to this, the same entity had already withdrawn 89.000 ETH, bringing the total to 139.476 ETH, valued at $365 million. The entire amount is consolidated in the “0x0b26” wallet.

This trade was carefully executed and interpreted as a deliberate accumulation strategy. On the daily chart, ETH remains above the exponential moving averages, with expectations of breaking through the 50% Fibonacci zone to pursue targets at 78,6% and 100%.

Fartcoin has also attracted significant attention. Three whales have purchased around 9,2 million units of the token, totaling $9,5 million. This movement reinforces the bullish view on the asset’s potential for appreciation.

Finally, the Hyperliquid (HYPE) token has gained momentum as trader James Wynn has gained visibility on the Hyperliquid platform and the anticipation of a Binance listing. Data from OnchainLens reveals that a single whale spent around $6 million over three consecutive days to acquire over 170.000 HYPE tokens.

Based on technical projections, a breakout of the all-time high could lead HYPE to reach $58 in the coming weeks. The massive inflow of institutional capital reinforces the sentiment that these altcoins are on the radar of major investors.