<ul>
    <li>Whales continue to accumulate PEPE and ENA.</li>
    <li>Spot Ethereum ETF approval process is ongoing, leading to increased interest in Ethereum-based altcoins.</li>
    <li>Whales' significant purchases are fueling speculation about the start of an altcoin season.</li>
</ul>
<p><strong>Discover the latest trends in the crypto market as whales make substantial investments in PEPE and ENA, hinting at a potential altcoin season.</strong></p>
<h2><strong>Whales Accumulate PEPE and ENA Amid Ethereum ETF Speculations</strong></h2>
<p>As the approval process for the Spot Ethereum ETF continues, fresh wallets and whales are increasingly turning their attention to Ethereum-based altcoins. This trend has sparked speculation that an altcoin season might be on the horizon. Recent data from Spot on Chain and Lookonchain reveals that whales have been significantly increasing their holdings in PEPE and Ethena (ENA).</p>
<h3><strong>Massive Whale Purchases in PEPE and ENA</strong></h3>
<p>According to the data, a single whale purchased 1.32 trillion PEPE worth $18.2 million from Binance in just two days. Additionally, three whales collectively acquired 54.31 million ENA worth $45.6 million from centralized exchanges over the past week. These substantial acquisitions underscore the growing interest in these altcoins among large investors.</p>
<h3><strong>Price Surge in PEPE and ENA</strong></h3>
<p>Over the past seven days, the price of PEPE has surged by 40%, while ENA has seen a 21% increase. These price movements reflect the heightened demand and speculative interest in these tokens, driven by the significant whale purchases.</p>
<h3><strong>Conclusion</strong></h3>
<p>The recent whale activities in PEPE and ENA, coupled with the ongoing Ethereum ETF approval process, suggest a potential altcoin season on the horizon. Investors should keep a close eye on these developments, as they could signal broader market trends and opportunities in the crypto space.</p>