Fidelity Files For Tokenized US Dollar Money Market Fund On Ethereum

Bitcoin’s decisive break above the psychological $95,000 barrier has reignited bullish momentum across the crypto market. As market sentiment becomes increasingly positive, crypto whales are buying several differentiating altcoins this week.

Among the top picks are Avalanche (AVAX), Ethereum (ETH), and meme-coin Pepe (PEPE), all of which have seen significant whale inflows this week.

Avalanche (AVAX)

Layer-1 (L1)  coin AVAX has seen increased whale attention this week, reflected by the spike in its large holders’ netflow. According to IntoTheBlock, this has rocketed over 380% in the past seven days.

A large holder is a wallet address holding over 0.1% of an asset’s circulating supply. The large holders’ netflow tracks these investors’ buying and selling activity. 

When it rises, crypto whales buy more tokens. This bullish signal often prompts retail investors to increase their holdings. 

If AVAX’s accumulation trend persists, its price could breach the resistance at $24.28 and rally toward $30.23.

Conversely, if demand wanes, AVAX could fall to $14.66. 

Ethereum (ETH)

Amid the recent broader market rally, ETH has recorded a modest 3% price uptick in the past seven days, buoyed by steady whale accumulation. 

According to Santiment, during that period, whale addresses holding between 10,000 and 100,000 coins have acquired 280,000 ETH valued at over $510 million at current market prices. 

As of this writing, this cohort of ETH whales controls 25.24 million ETH, their highest holding in the past month. ETH’s price could be driven above the psychological $2,000 mark if whale accumulation persists.

However, if the bears regain dominance, they could push the coin’s price to $1,733.

Pepe (PEPE)

Popular meme coin PEPE is another asset that has seen a surge in crypto whale accumulation this week. Per Santiment, wallet addresses that hold between 100,000 and 1 million tokens have bought 350 million PEPE in the past seven days. 

At press time, the meme coin trades at $0.0000086. If whale accumulation persists, PEPE could reverse its current downtrend and break above the resistance at $0.0000010. 

On the other hand, if sellofs continue, the token’s price could drop to $0.0000052.

The post 3 Altcoins Crypto Whales Bought in the First Week of May 2025 appeared first on BeInCrypto.

XRP’s price has declined significantly over the past week. The token currently trades at a seven-day low of $2.09, and key indicators suggest that the downtrend may continue in the near term.

Market data shows a steady rise in the demand for short positions. This trend reveals growing trader confidence in further downside movement, with short sellers increasing their exposure in anticipation of the XRP token’s continued weakness.

XRP Faces Prolonged Sell Pressure

XRP’s long/short ratio reflects the bearish bias dominating its futures market. At press time, the ratio stands at 0.98, indicating more traders are betting against the altcoin. 

This ratio compares the number of long and short positions in a market. When an asset’s long/short ratio is above 1, there are more long than short positions, indicating that traders are predominantly betting on a price increase.

Conversely, as seen with XRP, a ratio below one indicates that most traders are positioning for a price drop. This reflects heightened bearish sentiment and growing expectations of continued downside movements.

According to Coinglass, XRP last recorded a long/short ratio above one on April 22. This means it has been over two weeks since bullish positions outnumbered bearish ones in the XRP futures market. The extended period of bearish dominance suggests that market participants have grown increasingly pessimistic about XRP’s short-term prospects.

On the daily chart, the newly formed “death cross” by XRP’s Moving Average Convergence Divergence (MACD) indicator supports this bearish outlook. Readings from the XRP/USD one-day chart have revealed that XRP’s MACD line (blue) closed below its signal line (orange) on Monday, forming a death cross.

This pattern is a notable marker of a sustained downtrend and is widely viewed by traders as a sign of weakening price strength. Hence, XRP risks plummeting further. 

XRP Holds Key Support at $2.09 — But for How Long?

XRP currently trades at $2.10, resting above the support formed at $2.03. If selloffs strengthen, the support floor could weaken, making way for a price decline toward $1.61.

On the other hand, if the XRP token altcoin sees a spike in new demand, it could reverse the downtrend and climb to $2.29.

The post XRP Tanks to Weekly Low as Traders Bet on Further Downside appeared first on BeInCrypto.