The leading meme coin Dogecoin opens the list of altcoins that were actively purchased by crypto whales. According to data from the analytical platform IntoTheBlock, the inflow of large DOGE holders increased by 112% over the past seven days.
Large holders are considered to be addresses that own more than 0.1% of the total asset volume. Net inflow shows the difference between purchased and sold coins over a specific period. When it grows, whales buy more than they sell: this is considered a bullish signal indicating the likelihood of a prolonged rally.
Ethereum has also attracted the attention of whales — even despite the consolidation in the range from $3,396 to $3,043 over the past 14 days. According to Santiment data, over the last seven days, whales holding between 100,000 and 1,000,000 ETH accumulated 380,000 coins worth about $1.27 billion.
At the time of writing, the altcoin is trading around $3,342. If whales continue to actively buy ETH, its price could rise to $3,500 in the coming days.
Whales of Shiba Inu also showed significant activity. On November 14, the balance of addresses holding between 10,000 and 1,000,000 SHIB amounted to 127 billion SHIB.
At the time of writing, this figure has risen to 129 billion SHIB. This means that whales have acquired an additional 2 billion SHIB. If accumulation continues, the price of the meme coin may increase.
