Whales Increasing Accumulation of Dogecoin, Ethereum, and Shiba Inu

The Market Trend Continues

The recent surge in the cryptocurrency market following Donald Trump’s election victory on November 5 has now entered its third week. This uptrend has seen many major cryptocurrencies reaching new all-time highs, with smaller tokens also experiencing significant value spikes, leading to profitable gains for traders.

Dogecoin (DOGE) Attracts Whale Attention

Notable crypto whales have been actively accumulating select assets, including Dogecoin (DOGE), Ethereum (ETH), and Shiba Inu (SHIB). The large holders’ netflow for Dogecoin has surged by 112% over the past week, indicating increased buying activity by whale addresses holding more than 0.1% of the circulating supply.

Whales Eyeing Ethereum (ETH)

Despite Ethereum’s price consolidation in the $3,396 to $3,043 range over the last two weeks, whale addresses holding between 100,000 and 1,000,000 ETH have accumulated an additional 380,000 ETH in the past seven days. This accumulation, valued at $1.27 billion, signifies growing interest from whales in this altcoin.

Shiba Inu (SHIB) Whales Show Up

Shiba Inu has also attracted whale attention, with addresses holding between 10,000 and 1,000,000 SHIB accumulating 2 billion SHIB in the past week. The balance of these addresses has increased from 127 billion to 129 billion SHIB, indicating a bullish sentiment and potential for price appreciation.

Disclaimer

This article serves as informational content and not financial advice. Market conditions can change rapidly, so readers are advised to conduct their own research and seek professional guidance before making investment decisions.