The upward trend in the market triggered by Donald Trump's victory in the US presidential election on November 5 has entered its third week.

Increased trading activity has pushed many major cryptocurrencies to all-time highs, while lower market cap tokens have seen strong price increases, providing significant profits for traders.

Cryptocurrency whales are also starting to take notice, increasing their accumulation of specific assets. This week, their buying portfolio includes Dogecoin (DOGE), Ethereum (ETH), and Shiba Inu (SHIB).

Dogecoin (DOGE)

Dogecoin, the king of meme coins, is one of the altcoins that whales have bought into this week. Data from IntoTheBlock shows that the net inflow of large investors into DOGE has surged by 112% over the past seven days.

A large investor is defined as wallet addresses holding over 0.1% of the circulating supply of an asset. Net inflow is calculated by the difference between the amount bought and sold by these addresses over a specific period. When this metric increases, it indicates that whales are buying more. This is a positive signal, implying that the upward trend is likely to be maintained.

In response to this positive move, the price of DOGE has decisively broken above the important resistance area at $0.34. Currently, the next target is found at the all-time high of $0.74.

Ethereum (ETH)

Ethereum continues to attract the attention of whales this week, despite the price of ETH fluctuating between $3,043 and $3,396.

Analysis from Bitcoin Magazine shows that whale wallet addresses holding between 100,000 and 1,000,000 ETH have accumulated an additional 380,000 ETH, equivalent to $1.27 billion at current market prices.

Although fluctuating within a narrow range, ETH has successfully reclaimed the important support area at $2,900. If whales continue to pour money into this altcoin, the price of ETH could rise to the next important resistance area at $4,000.

Shiba Inu (SHIB)

Shiba Inu whales are also not sitting out this week. According to data from Santiment, the total balance of addresses holding between 10,000 and 1,000,000 SHIB reached 127 billion SHIB on November 14.

As of the time of writing, this figure has risen to 129 billion SHIB. This means that this group of investors has purchased an additional 2 billion SHIB over the past seven days.

This move has also helped the price of SHIB reclaim the important support area at $0.000021. If the accumulation trend continues, this meme coin could rise to the next resistance area at $0.000034.