This week has witnessed a comeback in trading activity, highlighted by a significant 10% rise in global cryptocurrency market capitalization. Consequently, major coin holders, referred to as whales, have begun accumulating specific coins.
Bitcoin (BTC), Notcoin (NOT), and Dogecoin (DOGE) have emerged as their preferred selections.
Bitcoin (BTC)
BTC is currently priced at $67,871, reflecting an 11% increase over the past week. As the leading crypto approaches its historical peak, BTC whales have progressively bolstered their holdings.
In the last week, crypto whales with holdings ranging from 10,000 to 1,000,000 coins have acquired an additional 20,000 coins, which amounts to a value exceeding $1.35 billion at current market rates. This segment of BTC investors now holds 3.05 million coins.
Read more: Where to Trade Bitcoin Futures: A Comprehensive Guide
If this accumulation pattern persists, the leading coin is likely to突破 the resistance around the $68,000 price level and aim to reclaim its previous all-time high of $73,750.
Notcoin (NOT)
Tied to Telegram, Notcoin has also attracted the interest of crypto whales this week. Data from IntoTheBlock shows that the netflow among its large holders has surged by over 2,000% in the past week.
Large holders are whale addresses that possess over 0.1% of an asset’s circulating supply. Their netflow indicates their buying and selling activities.
A spike in netflow signifies that whales are acquiring more coins, while a drop suggests they are divesting their holdings.
Read more: 10 Best Altcoin Exchanges In 2024
Dogecoin (DOGE)
The prominent meme coin Dogecoin (DOGE) has also piqued the interest of crypto whales this week. Data from IntoTheBlock indicates that the netflow among the coin’s large holders has increased by over 2,200%. As of October 17, this figure totaled 527 million DOGE, worth approximately $71.46 million, marking its highest level since the beginning of the month.
Read more: Dogecoin (DOGE) Price Prediction 2024/2025/2030
The recent increase follows a substantial rise in the value of the leading meme coin over the past week. Currently priced at $0.13, Dogecoin has surged by 23% during this period, qualifying it as one of the top large-cap meme coins based on market capitalization.
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