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Altcoin whales in April 2025 had strong accumulation patterns in some tokens, with Dogecoin (DOGE) having strong whale accumulation by whales with 100 million to 1 billion DOGE, accumulating 1.41 billion tokens. Worldcoin (WLD) and Ondo (ONDO) also experienced whale accumulation, demonstrating belief in these projects despite market trends. LayerZero (ZRO) and Immutable X (IMX) have experienced strong whale buying, demonstrating optimism about their growth prospects.
Conversely, strategic dumping has occurred in some altcoins. A single whale has dumped enormous amounts of Fartcoin and POPCAT through a dollar-cost averaging approach, which has led to short-term price declines and increased trading volumes of these meme coins. Some of the previous sleeping Ethereum (ETH) whales have also started selling again, and that has exerted downward pressure on ETH prices during a sudden price drop since the beginning of 2025.
In general, the April 2025 altcoin market is characterized by a mixed mood in which whales are aggressively acquiring certain tokens like DOGE, WLD, ONDO, ZRO, and IMX, reflecting bullish expectations of the projects. Meanwhile, whales' strategic dumping of meme coins and ETH reflect a dynamic and evolving market condition, influencing short-term price actions and investor sentiment
