Donald Trump’s victory in the presidential election on November 5 created significant volatility in the cryptocurrency market and altcoin projects. This uptrend continues in its third week, with whale purchases in popular cryptocurrencies such as Dogecoin (DOGE), Ethereum (ETH) and Shiba Inu (SHIB) showing remarkable movement. This situation offers new opportunities for investors.
Dogecoin: The Whales’ Center of Attention$DOGE
Dogecoin has been one of the cryptocurrencies that whales have bought the most this week. According to IntoTheBlock data, net flows of major addresses into DOGE have increased by 112% in the last seven days. This shows that whales’ interest in Dogecoin has increased significantly. Whales’ purchases reduce the selling pressure on the market, allowing prices to rise more steadily. Experts say that this increased interest could signal new price highs for Dogecoin. Similar purchases have led to price increases in the past.
Ethereum: Strong Fundamentals and Whale Investments$ETC
Ethereum stands out as another major altcoin that attracts whales. According to Santiment data, addresses holding between 100,000 and 1,000,000 ETH have accumulated an additional 380,000 ETH in the last seven days. This accumulation is equivalent to approximately $1.27 billion. Currently trading at $3,342, Ethereum could exceed $3,500 in the short term as whale purchases continue. Long-term investors are increasing their confidence in Ethereum’s strong market dynamics and are holding their positions.
Shiba Inu: The Whales' Favorite$SHIB
Shiba Inu is another major token that attracts whales. The total balance of addresses holding between 10,000 and 1,000,000 SHIB has increased by 2 billion SHIB in the last seven days. This shows that whales are still interested in Shiba Inu. According to analysts, if this accumulation process continues, an upward movement in the price of SHIB is expected. Whale purchases could increase market demand for Shiba Inu, allowing it to attract more investors.
The increasing purchases of crypto whales support the current uptrend in the markets. Popular assets such as Dogecoin, Ethereum, and Shiba Inu are becoming attractive investment vehicles by benefiting from this intense interest. Tracking whale movements can provide important clues about the future direction of the market. This uptrend, which started with Trump’s election victory, is leading not only to an increase in prices but also in general market confidence. This upward wave shaped by whales continues to offer opportunities for both existing investors and new entrants to the crypto world.