In the third week of October 2024, notable activity among crypto whales—investors holding between 10,000 and 1,000,000 coins—has been observed, particularly in three cryptocurrencies: Bitcoin (BTC), Notcoin (NOT), and Dogecoin (DOGE).
Key Coins Purchased by Whales
Bitcoin (BTC)
Market Activity: BTC has seen an 11% price increase over the past week. Whales have accumulated around 20,000 BTC, valued at over $1.35 billion. This group now holds a total of 3.05 million BTC. The accumulation trend suggests a potential breakout past the $68,000 resistance level toward its all-time high of $73,750
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Notcoin (NOT)
Market Activity: Notcoin has experienced a dramatic surge in interest from large holders, with Netflow increasing by over 2,000% in just a week. This indicates significant buying activity among whale addresses that control more than 0.1% of its circulating supply
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Dogecoin (DOGE)
Market Activity: Dogecoin's large holders' flow has climbed by over 2,200%, translating to approximately 527 million DOGE acquired, worth about $71.46 million. This marks the highest accumulation level since the beginning of the month, coinciding with a 23% price increase for DOGE over the past week
