Crypto Whales Target EIGEN, AVNT, and KMNO After Fed Rate Cut

Altcoins have surged into the spotlight as crypto whales ramp up accumulation following the Federal Reserve’s 25-basis-point rate cut. With more easing expected, major players are positioning in select tokens, signaling potential upside amid a bullish technical backdrop.

EigenCloud (EIGEN), recently rebranded from EigenLayer, is gaining strong whale interest. On-chain data shows whale holdings rose 6.05% to 4.85 million EIGEN, while mega-whales added 1.13 million, worth over $2 million. At $2.04, EIGEN broke out of an ascending triangle with 33% gains in 24 hours. A move above $2.14 strengthens the bullish setup toward $2.50–$3.20, though a dip below $1.48 would invalidate the trend.

Avantis (AVNT), a new Base token, has also seen heavy accumulation. Whale holdings climbed 11.5% to 1.08 million AVNT, while top 100 addresses added 4.78 million tokens worth $5.4 million. Trading at $1.13, AVNT shows a bullish flag pattern, with $1.58 as a key breakout level. While the setup points to a potential $6.30 target, failure to hold above $0.77 could send it down to $0.26.

Kamino Finance (KMNO), a Solana-based DeFi protocol, is also attracting whales. Holdings jumped 35.9% to 29.39 million KMNO, adding $629,000 in value. Smart Money flows spiked over 1,200%, confirming both long-term and fast traders are aligned. Trading at $0.081, KMNO has broken out of an ascending channel, with upside potential to $0.13 if momentum holds. A fall below $0.06, however, would negate the bullish case.

With whales driving accumulation and technicals aligning, EIGEN, AVNT, and KMNO stand out as altcoins to watch in the current low-rate environment.