- Whales have taken long positions on WLD, DOGS, COTI, ARKM, ALICE, and DOT.
- WLD and DOT have shot up 26.25% and 88% in the last 90 days.
- Crypto Altcoin Season Index is valued at 55, in favor of altcoins.
Altcoin whale activity is on the rise as whales increase their long positions in assets: Worldcoin (WLD), Polkadot (DOT), Arkham (ARKM), COTI (COTI), DOGS (DOGS), and My Neighbor Alice (ALICE). This raises the likelihood of volatility, especially when these positions are closed, for smaller investors.
Understanding the Impact of Whale Positions
Large investors, or “whales,” can significantly influence the price of altcoins. Their substantial holdings give them the power to trigger price swings, especially in less liquid markets. When whales open or close positions, it can create volatility and impact other traders.
Read also: Altcoin vs. Bitcoin: What the 2025 Index Tells Us Now
This accumulation by whales comes after a recent market dip that provided buying opportunities for altcoins and Bitcoin (BTC). While increased whale interest could signal a bullish trend, it also raises concerns about potential market manipulation and risk for smaller investors.
Over the past 90 days, WLD has gained 26.25% and DOT has surged 88%. However, in the last 30 days, ARKM fell 34.02%, COTI dropped 26.83%, DOGS declined 30%, and ALICE tumbled 32.21%.
CoinMarketCap Data and Altcoin Season Index
CoinMarketCap data shows the Crypto Altcoin Season Index at 55 out of 100, up from last week’s value of 46. While this reading suggests increasing altcoin momentum, the potential for whale-driven volatility warrants caution.
Altcoin Market Cap and Technical Analysis
At the time of publication, the total market cap of the digital asset space is $3.53 trillion, with $93.43 billion traded in the past 24 hours. The weekly chart of the altcoin market cap shows the MACD indicator remaining bullish for altcoins in the medium term. The MACD line (blue) remains almost parallel to the signal line (red).
The weekly Relative Strength Index (RSI) for the altcoin market cap reads 66.45, showing that bulls remain in control of the price action of altcoins. The gradient of the line suggests slightly weaker momentum for a brief period until a breakout occurs.
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