- Golden Cross signal returns — last time triggered an altcoin rally.
- Whales are buying ENA and HYPE before expected market breakout.
- ENA launch backed by BlackRock-linked firms, Coinbase listing coming.
There are charts going around online claiming that an Altcoin Golden Cross has been confirmed once again. The last time this signal appeared in 2021, it triggered a strong rally in altcoins. Many analysts say that, historically, the real altcoin season usually begins in June.
However, according to CoinMarketCap, the Altcoin Season Index is still at 26, which means the market is mostly in Bitcoin’s favor for now. This index checks the top 100 coins to see if the market is leaning more towards altcoins or Bitcoin.
Even though Bitcoin remains dominant, some believe altcoin season is overdue — and whales might be getting ready for it. AltcoinBuzz said that whales have quietly started buying altcoins like ENA and HYPE, often a sign that something important could be coming.
Whales Quietly Accumulate ENA Ahead of Major RWA Launch
Whales are stacking ENA tokens ahead of the launch of a new blockchain called Converge On-Chain. This blockchain focuses on real-world assets and will work with Securitize, a company backed by BlackRock, one of the biggest financial firms. BlackRock is also connected to Ethena Labs, a key player here.
Coinbase also plans to list Ethena Labs’ token soon. Plus, the Ton platform recently added stablecoins linked to Ethena, where users can earn up to 18% interest.
Despite all this good news, ENA’s price hasn’t made a big move up yet. It is currently stuck between $0.26 and $0.43—a range where whales often quietly buy before a price jump. They are watching for ENA to break above $0.43, after which a stronger rise toward $0.80 can be expected.
Related: Altcoin Breakout 2025: Reasons Why ETH Will Shine and Altcoins Will Follow
HYPE: Gaining Attention with Big Whale Buys
Hyperliquid (HYPE) is also drawing a lot of interest. Binance US is planning to offer spot trading for HYPE soon, which means real buying and selling, not just bets on price movements. This is seen as a very positive development for HYPE.
Related: Is Shiba Inu Set for a Trend Reversal? Key Bullish Patterns Emerge for SHIB
Recently, two whales bought $5 million worth of HYPE in just five hours. One even used leverage to bet big, showing strong confidence.
HYPE hit its monthly all-time high trading volume in May 2025 and captured an impressive 74.97% of the volume across all decentralized perpetual exchanges. Analysts say it could be one of the strongest coins right now, moving differently from Bitcoin.
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