During the second week of November 2024, there has been an increase in activity by crypto whales, indicating a possible shift in sentiment or anticipation of better market conditions. These whales have been strategically accumulating altcoins, with a focus on Dogecoin, Litecoin, and Ripple. The purchase of Dogecoin may be attributed to bullish sentiment surrounding the coin after Donald Trump approved Elon Musk's proposed Department Of Government Efficiency. The netflow of holders for Dogecoin has shown an increase, indicating that crypto whales purchased around $636 million worth of DOGE this week, leading to an 85% increase in price. The accumulation of Litecoin by whales has also impacted its value, with around $106 million worth of LTC purchased, resulting in a 20% price increase. Ripple has also seen large volume purchases by whales, potentially driven by Robinhood's decision to list the token and speculation regarding the resignation of SEC Chair Gary Gensler. Around 310 million XRP tokens, valued at around $267 million, have been purchased, leading to a 56% price increase. However, the future price movement of these altcoins depends on whether whales continue to invest or withdraw from the market.



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