What Crypto Whales Are Accumulating in June—DOGE, AVAX, and QNT in Focus

In the final days of May, the crypto market entered a cooling phase, with many traders locking in profits after a strong rally. Yet behind the scenes, crypto whales have been busy, strategically increasing their holdings in select altcoins as June approaches. The assets drawing the most attention from these large investors? Dogecoin (DOGE), Avalanche (AVAX), and Quant (QNT).

Dogecoin (DOGE):

Dogecoin, the original meme-based cryptocurrency, has reappeared on whales’ radar. Wallets holding between 1 million and 10 million DOGE have collectively added over 30 million tokens in the past week, according to Santiment. This surge in whale activity is often a precursor to retail investor interest, as smaller traders tend to follow institutional signals. If this buying pressure sustains, analysts suggest DOGE could rally toward the $0.206 mark. However, if accumulation halts and selling resumes, the price could retrace back to $0.175.

Avalanche (AVAX):

Another asset catching attention is AVAX, the native coin of the Avalanche network. Data from IntoTheBlock shows a 474% increase in netflow from AVAX’s largest holders—wallets that control more than 0.1% of the total circulating supply. A positive netflow means more tokens are being moved into these wallets than out, signaling accumulation. If this trend holds, AVAX might rebound to $24.28. But if large holders begin to take profits, prices could slump as low as $14.66.

Quant (QNT):

While many altcoins moved sideways this week, QNT stood out with a 7% gain. This came in tandem with the announcement of Overledger Fusion, Quant’s new Layer 2.5 network aimed at integrating traditional institutions with decentralized finance (DeFi). In the wake of the announcement, whale netflows into QNT spiked by 1083%, suggesting renewed conviction. Analysts believe this could push QNT’s price to $115.20 if momentum continues. Conversely, increased selling could drag the asset down below $101.87, potentially reaching as low as $93.52.

As June approaches, the behavior of these large holders offers a roadmap for market sentiment. While risk remains, the accumulation of DOGE, AVAX, and QNT by crypto whales may be signaling the next wave of bullish movement across altcoins.

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