The beginning of 2025 didn’t deliver the explosive rally many in the crypto space had hoped for. Yet, beneath the surface, a powerful shift is unfolding. While retail traders remain cautious, crypto whales—large investors with significant holdings—are quietly accumulating select altcoins in anticipation of a market rebound in April 2025.
These strategic moves suggest that seasoned players are positioning themselves for the next phase of growth. Some are doubling down on established projects with strong fundamentals, while others are backing emerging narratives poised to gain momentum. In this deep dive, we explore the altcoins whales are buying, analyze their accumulation patterns, and assess how these actions could influence price trends in the coming weeks.
LayerZero (ZRO): Infrastructure Powerhouse Gaining Whale Support
One of the most notable altcoins attracting whale interest is LayerZero (ZRO)—a cross-chain interoperability protocol enabling seamless communication between blockchains. Market observers may not be surprised by this trend, given ZRO’s strong technical foundation and growing ecosystem adoption.
Over the past 30 days, ZRO’s price has surged 15%, outperforming many top 100 cryptocurrencies. This momentum appears to be fueled by increasing confidence among large holders. According to on-chain analytics platform Santiment, addresses holding between 10 million and 100 million ZRO tokens collectively increased their holdings from 143 million to 153 million tokens between March 15 and early April.
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This accumulation of 10 million ZRO tokens—valued at nearly $30 million at current prices—signals strong conviction in the asset’s long-term potential. Whales appear to believe that LayerZero’s role in enabling omnichain applications will become increasingly critical as decentralized ecosystems expand.
However, this bullish trajectory isn’t guaranteed. A drop in buying pressure could stall momentum, potentially pushing ZRO’s market value below $2 billion. Still, with major protocols building on LayerZero and ongoing improvements to security and efficiency, the fundamentals remain supportive.
For investors watching on-chain activity, sustained whale accumulation could be a leading indicator of a broader price breakout in April.
Immutable (IMX): Gaming and NFTs Fuel Whale Demand
Another altcoin seeing explosive whale activity is Immutable (IMX), a layer-2 blockchain built specifically for NFTs and Web3 gaming. After a relatively quiet start to 2025, IMX is now capturing attention due to a dramatic surge in large holder activity.
Data from IntoTheBlock reveals that large holder net flow—a metric measuring the difference between tokens bought and sold by whales—has skyrocketed by nearly 800% over the past seven days. This sharp increase indicates that whales are aggressively accumulating IMX, likely anticipating renewed interest in the gaming and metaverse sectors.
When net flow rises significantly, it often precedes price appreciation, especially when combined with low circulating supply and growing ecosystem usage. Immutable’s focus on carbon-neutral NFT minting and partnerships with major game studios gives it a competitive edge in a niche but rapidly expanding market.
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If this accumulation trend continues, analysts suggest IMX could challenge the $1 price level in April—a meaningful psychological and technical milestone. However, any reversal in net flow could signal profit-taking or loss of confidence, potentially leading to consolidation or a pullback.
With gaming-related crypto narratives historically prone to hype cycles, timing is crucial. Whales appear to be entering early, positioning themselves ahead of what could be a seasonal upswing in blockchain gaming activity.
Dogecoin (DOGE): Meme Coin With Real Whale Momentum
Rounding out the list is Dogecoin (DOGE)—the original meme coin that continues to defy expectations. Despite a 45% year-to-date decline, DOGE is experiencing a surprising resurgence in whale interest.
On-chain data shows that addresses holding between 1 million and 10 million DOGE increased their collective holdings from 10.31 billion to 10.52 billion tokens in just three weeks—an accumulation of 210 million DOGE. At current prices, this represents nearly $40 million in fresh buying pressure from large investors.
This shift is particularly significant given DOGE’s recent price stagnation. The accumulation suggests that some whales believe the worst may be over and that renewed buying interest could trigger a reversal of its downward trend.
Historically, Dogecoin has shown strong correlation with social sentiment and macro market cycles. With potential catalysts on the horizon—including increased retail attention and possible integration into payment platforms—whales may be positioning for a comeback rally.
While DOGE lacks the technical complexity of LayerZero or Immutable, its brand recognition, low transaction costs, and loyal community give it staying power in the crypto ecosystem.
Frequently Asked Questions (FAQ)
Q: What defines a "crypto whale"?
A: A crypto whale is an individual or entity that holds a large amount of cryptocurrency, typically enough to influence market prices through their trading activity. While there's no fixed threshold, whales often hold thousands or millions of tokens.
Q: Why should retail investors care about whale movements?
A: Whale activity can serve as an early signal of market sentiment. Large-scale accumulation often precedes price increases, while sudden sell-offs may indicate upcoming corrections. Monitoring these patterns helps investors make more informed decisions.
Q: Is it safe to follow whale trades blindly?
A: No. While whale behavior provides valuable insights, it should not be followed without independent research. Whales may have different goals, access to information, or exit strategies that aren’t visible to the public.
Q: How reliable are on-chain analytics platforms like Santiment and IntoTheBlock?
A: These platforms use verified blockchain data, making them highly reliable for tracking ownership trends and transaction volumes. However, interpretations can vary, so it's best to use multiple sources for confirmation.
Q: Can meme coins like DOGE really see long-term growth?
A: While volatile, meme coins with strong communities—like DOGE—can maintain relevance through cultural impact and utility adoption. Long-term growth depends on use cases beyond speculation, such as payments or integrations.
Q: What risks are involved in investing based on whale activity?
A: Risks include false signals (e.g., accumulation followed by sudden dumps), market manipulation, and timing errors. Always assess broader market conditions and project fundamentals before investing.
Final Thoughts: Reading the Signals Ahead of April
As April 2025 approaches, the actions of crypto whales offer valuable clues about where capital is flowing. The accumulation of LayerZero (ZRO), Immutable (IMX), and Dogecoin (DOGE) highlights diverse strategies—from betting on infrastructure and gaming innovation to reviving high-visibility meme assets.
These moves reflect not just speculation, but calculated positioning based on technology adoption, market cycles, and narrative momentum. For attentive investors, tracking whale behavior can provide a strategic edge in identifying potential outperformers before broader market recognition.
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While no strategy is foolproof, combining on-chain intelligence with fundamental analysis increases the odds of success in today’s dynamic crypto landscape.
Keywords: crypto whales, altcoin picks 2025, LayerZero ZRO, Immutable IMX, Dogecoin DOGE, whale accumulation, on-chain analysis, April crypto forecast