Top Altcoins Crypto Whales Bought in November’s Third Week
The market rally sparked by Donald Trump’s Nov. 5 victory in the U.S. presidential election is entering its third week. Increased trading activity has pushed many major cryptocurrencies to all-time highs, while low-market cap tokens have surged in value, resulting in huge gains for traders.
Crypto whales have also taken notice, increasing their accumulation of select assets. This week, they bought Dogecoin (DOGE), Ethereum (ETH), and Shiba Inu (SHIB).
Dogecoin (DOGE)
Leading Meme Coin Dogecoin is one of the altcoins Crypto whales bought this week. This was confirmed by the surge in net flows from its major shareholders during the period under review. According to IntoTheBlock, it has surged 112% in the past seven days.
Large holders are whale addresses that hold more than 0.1% of the asset’s circulating supply. Their net flow tracks the difference between the number of tokens they bought and how many they sold during a specific period. When this number rises, whale addresses purchase more tokens. This is a bullish sign and indicates the possibility of a sustained rally.
Ethereum (ETH)
Ethereum is another crypto asset that caught whales’ attention this week. This occurred despite the price range having been consolidating between $3,396 and $3,043 over the past 14 days.
BeInCrypto’s assessment of the ETH supply distribution shows that over the past seven days, whale addresses holding between 100,000 and 1,000,000 ETH have accumulated an additional 380,000 ETH, worth $1.27 billion at current market prices.
As of this writing, Altcoin Trading $3,342. If whales continue to pour money into this altcoin, its price may rise to $3,500 in the short term.
Shiba Inu(SHIB)
The Shiba Inu whale also appeared Up this week. According to Santiment statistics, on November 14, the balance of addresses holding 10,000 to 1,000,000 SHIB was 127 billion SHIB.
As of this writing, that number has soared to 129 billion SHIBs. This means that this group of SHIB holders purchased 2 billion SHIB during the seven-day period under review. If the accumulation continues, memecoin values may move higher.
Disclaimer
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