Crypto Whales Accumulate ETH, FARTCOIN, and HYPE in Early June—$298M in Strategic Buys

The first week of June has seen a surge in whale activity across three notable altcoins—Ethereum (ETH), FARTCOIN, and HYPE—as institutional investors and high-net-worth individuals make bold moves signaling confidence in the long-term potential of these assets.

From discreet over-the-counter (OTC) deals to meme coin buys and early-stage plays, these transactions suggest strategic accumulation at scale, with implications for broader market sentiment.

Ethereum (ETH): $283M OTC Purchase Signals Institutional Confidence

Ethereum continues to solidify its position as a favorite among large investors. According to Lookonchain, an institutional player—identified as Galaxy Digital’s OTC wallet—executed a massive purchase of 108,278 ETH (approximately $283 million) via OTC channels.

This transaction included the withdrawal of 89,000 ETH from exchanges over a 12-hour span, eventually consolidating in a wallet now holding over $365 million in assets.

The use of OTC desks helps avoid triggering market-wide volatility, suggesting this institution aims to accumulate ETH quietly—likely in anticipation of a future breakout.

ETH has also been riding a six-week inflow streak, bringing in $286 million last week alone, marking its strongest performance since 2024. At the time of writing, Ethereum is trading at $2,637, up 1% in 24 hours. Analysts such as CryptoFaibik note that ETH is moving within a multi-year symmetrical triangle, with a monthly close above $3,500 potentially confirming a breakout.

FARTCOIN: Meme Coin with Whale Momentum

Launched on Solana, FARTCOIN might sound playful, but it’s drawing serious money. In just four hours, three crypto whales snapped up 9.2 million FARTCOIN worth approximately $9.5 million, according to Lookonchain.

Despite a slight dip—currently trading at $1.08, down 4.7%—the whale activity points to long-term conviction in the meme coin's narrative, often driven by social hype and speculative energy.

While its fundamentals are lighter than traditional tokens, FARTCOIN is proving that meme coins remain relevant in 2025, especially when backed by significant capital.

Hyperliquid (HYPE): $6M Accumulated Pre-Exchange Listing

HYPE, the native token of the rising trading platform Hyperliquid, is catching early whale interest. Data from OnchainLens shows one investor accumulated over 170,000 HYPE—valued at $6 million—across three days.

This buying spree is particularly notable because HYPE is not yet listed on major exchanges, meaning these purchases are speculative bets on future upside.

HYPE is currently trading at $36.59, down 1.7% over the past day. Still, enthusiasm around the platform’s breakout trader James Wynn and the project’s growing user base is drawing in both retail and institutional attention.

A future listing on Binance US could act as a major catalyst for price movement and liquidity.