3 Altcoins Crypto Whales Bought in the First Week of May 2025

Banana (BANANA) has recently seen a price rally, gaining 44% as it attempts to break out of a descending wedge pattern. While this bullish setup suggests the potential for further gains, investors’ behavior could hinder the altcoin’s progress. 

Despite the price rise, many investors are reluctant to hold, potentially delaying the breakout.

Banana Gun Faces Selling

Over the past two weeks, the supply of Banana on exchanges has risen by 300,000 tokens, worth just under $5 million. This increase in selling pressure amounts to roughly 9% of the entire market cap, which stands at $55 million. The growing supply on exchanges is a direct result of the altcoin failing to sustain its recovery, pushing many investors to sell and lock in profits.

This increased selling activity points to a highly bearish sentiment surrounding Banana. The failure to recover has triggered a wave of profit-taking, further weighing on the price.

The overall macro momentum for Banana has been marked by a significant spike in active deposits over the past 24 hours, the highest since November 2024. This surge indicates that more Banana tokens are being offloaded, reflecting investor sentiment and profit-taking behavior. 

Unlike previous selling periods where investors sought to offset losses, this round of selling appears to be driven by those booking profits. This shift in behavior could signal further selling in the short term, particularly if the price stabilizes or continues to rise. 

BANANA Price Is Looking For A Gap

At the moment, Banana is trading at $15.95 after rising by 44% over the past day, sitting within a descending wedge pattern that typically signals bullish potential. However, despite this setup, the altcoin has struggled to break out in the last 24 hours, leaving its future uncertain.

If the current weak momentum and selling trends persist, Banana will likely test the lower trend line of the pattern. This could push the price down to $10.29, delaying any potential recovery and reinforcing the bearish outlook.

On the other hand, if broader market conditions improve and investor sentiment shifts, Banana could see a breakout from the wedge pattern. Successfully breaching the $17.57 barrier would signal a reversal and could send the price towards $23.24. Such a move would invalidate the current bearish outlook and mark the beginning of a stronger upward trend for Banana.

The post Banana Gun Price Rallies 44% After Major Selling, Profit Taking Still Likely appeared first on BeInCrypto.

BloFin, the leading futures trading exchange, made a bold statement as the Title Sponsor at TOKEN2049 Dubai 2025, marking its third consecutive year of sponsorship.

At this year’s TOKEN2049, BloFin joins top exchanges including OKX, Binance, and KuCoin as a Title Sponsor, marking another milestone in its global expansion and industry recognition. From a Platinum Sponsor last year to a Title Sponsor this year, BloFin’s elevation in status reflects the brand’s growing ambition and commitment to the cryptocurrency industry. The company has also made significant strides in its offerings, showcasing multiple brand advancements, including launching sub-accounts, achieving ISO 27001 certification, and becoming the fourth exchange in the industry to complete the Unified Trading Account feature.

BloFin’s presence was prominent throughout the venue, from the entrance and exclusive registration counter to the welcome bags and key areas across the event space. The team engaged with industry leaders, partners, traders, and KOLs, fostering insightful conversations and building meaningful relationships to drive future crypto growth.

Finny Takes the Spotlight: BloFin’s Mascot Shines as the Star of TOKEN2049

A standout moment at TOKEN2049 was the official debut of Finny, BloFin’s newly unveiled mascot. Designed as a meme-worthy space whale, Finny quickly became a crowd favorite and a visual symbol of BloFin’s unique brand identity. Finny symbolized BloFin’s commitment to protecting whales and embodied the brand’s aspirations to the moon. With its captivating design, Finny became the event’s most talked-about character, further solidifying BloFin’s connection with the crypto community.

The First-ever Whale’s Rave: Arcadia Side Event of TOKEN2049 Concludes Successfully, Marking the Beginning of Exciting Collaborations with Luke Belmar

The Whale’s Rave: Arcadia event, presented by BloFin, quickly became the most talked-about side event of TOKEN2049 Dubai 2025, drawing nearly 1,000 attendees worldwide. This year also marked a historic collaboration between BloFin and renowned crypto investor Luke Belmar,  taking the event to its peak and pushing its excitement to new heights.

Whale’s Rave: Arcadia was this exclusive event’s first edition, leaving an indelible mark on every attendee. The event redefined what crypto industry gatherings could look like, featuring premium whale-tier merchandise, an exclusive Whale’s Club-only gift, and the debut of BloFin’s beloved mascot Finny. BloFin also showcased a series of brand-defining performances, further solidifying the brand’s position as an innovator within the space.

In line with its continued growth, BloFin unveiled its all-new 2025 merchandise collection, designed exclusively for the crypto elite. The collection features eight unique items, including the coveted BloFin Top Whales Necklace and Ring Bundle, Whale’s Trading Journal, Gym Bag, Finny T-shirts, and exclusive Whale Club-only merchandise for VIP traders.

“We are incredibly excited about the success of the first-ever Whale’s Rave,” said Matt, CEO of BloFin. “It was an unforgettable moment to celebrate with our global community and partners. We were also pleased to share major product updates, including our Unified Trading Account, Sub-Account features, and the upcoming BloFin Card. We look forward to seeing everyone again in Singapore.” “It was the most fun and craziest party of the week!” as described by BeInCrypto and CoinTelegraph.

As the flames of the event burned bright, BloFin remains focused on its mission to create unforgettable experiences for its community and build a future where Whales Are Made.

With sights set on TOKEN2049 Singapore, BloFin is preparing to elevate its presence further, headlined by a large-scale, thousand-person celebration and deeper engagement with industry leaders. As BloFin expands its global reach and solidifies its role at the forefront of digital finance, the world can anticipate the next bold chapter from the brand that continues to prove: this is where whales are made.

Follow BloFin X｜Instagram｜YouTube｜Telegram

About BloFin

BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. ​As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website.

The post BloFin Makes a Grand Statement as Title Sponsor at TOKEN2049 appeared first on BeInCrypto.

Bitcoin (BTC) is up nearly 12% over the past seven days, gaining momentum as it reclaims key technical levels and approaches major resistance zones. The recent price surge has been supported by a slight recovery in the number of Bitcoin whale addresses, hinting at renewed accumulation from large holders.

Technical indicators like the Ichimoku Cloud and EMA lines point to a strong uptrend, with bullish formations suggesting continued buyer control. As BTC flirts with the $100,000 mark again, whale activity and chart signals will determine whether this rally has more room to run.

Subtle Accumulation: What the Rise in BTC Whales Could Mean

The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—has been trying to recover over the past few days, showing subtle but notable movement.

There are 2,006 BTC whale addresses, slightly higher than the 2,000 recorded on April 21. The count briefly rose to 2,005 on April 22 before dipping to 2,002 the next day, and now it’s back above that level.

While these daily fluctuations may seem minor, they often reflect deeper shifts in sentiment and positioning among some of the largest players in the crypto market. The recent stabilization suggests that accumulation might be picking up again after a period of distribution or hesitation.

Tracking whale activity is important because these entities tend to have an outsized influence on market trends. Whether institutional investors, long-term holders, or high-net-worth individuals, whales often act with a level of strategic insight and patience that retail investors can’t always match.

Their behavior can signal confidence or caution in the broader market. The number of whale addresses showing a slight upward trend could indicate renewed interest in accumulating Bitcoin at current levels.

This might not immediately translate to a sharp price move. Still, it does add a layer of underlying support to the market, potentially reducing downside risk and paving the way for more sustained bullish momentum if broader conditions align.

Ichimoku Signals Strength in Bitcoin Trend

Bitcoin’s Ichimoku Cloud chart is showing signs of continued bullish momentum.

The price trades above the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen), indicating short-term strength and trend alignment.

These lines have acted as dynamic support levels throughout the recent move, with price bouncing off them multiple times in recent candles. This suggests that buyers remain in control, and any dips have been met with demand.

The green cloud (Kumo) ahead is thick and rising, signaling a strong support zone and a positive trend outlook.

The distance between the red and green boundaries of the cloud also suggests expanding volatility, which tends to support stronger directional moves.

Because the price is well above the cloud and all key Ichimoku components are aligned in bullish formation, the current setup supports the idea of an ongoing uptrend—at least in the short to mid-term—unless price sharply reverses and closes below the blue and red lines.

Will Bitcoin Break Above $100,000 Before May?

Bitcoin recently broke above the $90,000 mark for the first time since early March.

Its EMA lines support the bullish narrative, with all short-term moving averages positioned above the long-term ones and spaced widely apart—often a hallmark of a strong uptrend.

Bitcoin price could challenge key resistance levels at $96,484 and $99,472 if this momentum continues. A break above those could open the door for a push past the psychological $100,000 mark, with the next major target near $102,694—the highest level since early February.

However, there’s still room for caution. It may lose its short-term footing if Bitcoin retests and fails to hold the support level at $92,920.

In that case, price could slide toward $88,839, and if a downtrend takes shape, further losses down to $86,533 become more likely.

The post Bitcoin Whales are Buying as BTC Makes Its Way Back to $100,000 appeared first on BeInCrypto.