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Crypto Whales Increase Their Positions in These Altcoins in June 2025

Despite a sluggish week for the cryptocurrency market, with a 5% dip in global market capitalization bringing it down to $3.28 trillion, crypto whales have been active, focusing on select altcoins. The cautious sentiment surrounding the market hasn’t deterred whales from making significant acquisitions, including PancakeSwap (CAKE), Dogecoin (DOGE), and Optimism (OP).

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PancakeSwap (CAKE)

PancakeSwap’s native token, CAKE, has been one of the top choices for crypto whales in the first week of June. Whale addresses holding between 10 million and 100 million CAKE tokens purchased 710,000 tokens during this period, as reported by Santiment.

This uptick in whale activity is linked to a significant development—Coinbase’s announcement on June 4 about including CAKE in its asset roadmap. The announcement is expected to enhance liquidity and provide broader retail access, prompting whales to accumulate the token ahead of a potential price surge. 

At the time of writing, CAKE is trading at $2.28. If the accumulation trend continues, it could rise to $2.41. However, if selling pressure mounts, the token’s value could dip to $2.21.

Dogecoin (DOGE)

Dogecoin (DOGE), one of the leading meme coins, also saw considerable activity from crypto whales this week. This is evident from the 112% increase in the netflow of large holders over the last seven days. 

These large holders are whale addresses holding more than 0.1% of DOGE’s circulating supply. This surge in accumulation signals confidence from whales and suggests a positive outlook for the asset. If this trend continues, DOGE could rise towards the $0.20 mark. However, if demand weakens, the meme coin could fall to around $0.148.

Optimism (OP)

Optimism (OP), a Layer-2 altcoin, also attracted significant whale interest during this period. On-chain data indicates that whales holding between 1 million and 10 million tokens added 17 million OP tokens in the past week. 

At present, these whales hold a combined 965 million OP tokens, the highest in the past seven days. If this accumulation trend continues, OP’s price could increase to $0.69. On the other hand, if sell-offs continue, its price might drop to $0.54.

In conclusion, while the overall market remains subdued, these altcoins—CAKE, DOGE, and OP—have seen strong whale participation, indicating positive sentiment and potential for price growth in the near future.

Simonas Brazionis

Blockchain Expert

Simonas is a crypto and blockchain expert with 6 years of experience. Passionate about the industry he educates others on blockchain technology, and continuously expands his knowledge. He has helped many newcomers understand crypto, navigate investments, and stay informed about trends like DeFi and NFTs.