This week has witnessed a notable surge in cryptocurrency trading activity. The momentum culminated in Thursday’s all-time high of $111,988 for the leading coin, Bitcoin.
The renewed bullish momentum across the market has caught the attention of whales that have been actively accumulating select altcoins.
Dogecoin (DOGE)
Leading meme coin Dogecoin is one asset that has received significant crypto whale attention this week. Data from Santiment shows a rise in the coin holding of addresses that own between 100 million and 1 billion DOGE tokens.
During the week in review, this cohort of DOGE holders has acquired 740 million tokens valued at over $180 million at current market prices.
The rally comes as broader market demand has driven DOGE’s value higher over the past few days. The meme coin now trades at a 10-day high of $0.24. This reflects renewed investor interest amid growing bullish sentiment across the crypto market.
Maker (MKR)
MKR, the governance token behind the popular decentralized finance (DeFi) protocol MakerDAO, is another asset that has seen a surge in whale activity this week.
This is evidenced by its large holders’ netflow, up 469% over the past seven days, per IntoTheBlock.
The large holders’ netflow measures the difference between the amount of tokens that whales buy and sell over a specified period. When it surges like this, it signals strong accumulation by whales, suggesting growing confidence and a bullish outlook on the asset.
Moreover, the triple-digit surge in large holder netflow could prompt retail traders also to increase their MKR accumulation. If this continues, the altcoin could initiate a new rally phase.
Official Trump (TRUMP)
Official Trump (TRUMP) is another altcoin that has seen increased crypto whale activity this week. In the lead-up to yesterday’s dinner, where President Trump hosted the top 220 holders of his meme coin, whales have been buying up large positions.
According to Nansen, Smart Money inflow into the altcoin has exceeded $1.40 million in the past seven days, signaling growing interest from high-conviction investors.
Smart Money usually includes hedge funds and institutional players known for making well-timed moves in the market. The surge in TRUMP’s inflows suggests confidence in its near-term potential and could foreshadow a continued upward trend if momentum holds.
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