This week has seen a resurgence in trading activity, with a significant 10% increase in the global cryptocurrency market capitalization. As a result, large coin holders (also known as whales) have started accumulating certain coins.

Bitcoin, Notcoin (NOT) and Dogecoin (DOGE) are their top picks.

Bitcoin

Bitcoin is currently trading at $68,182, recording an 8% price increase over the past week. As the leading cryptocurrency by market capitalization approaches its all-time high, whales continue to increase their holdings.

Over the past seven days, addresses holding between 10,000 and 1,000,000 BTC have added 20,000 coins worth more than $1.35 billion at current market prices. This group of BTC investors now holds 3.05 million coins.

Bitcoin Whale Balances | Source: Santiment

If this accumulation trend continues, BTC will successfully break the resistance at the $68,000 price zone and rally to reclaim the all-time high of $73,750.

Notcoin (NOT)

Telegram-linked Notcoin (NOT) is another coin that whales have been buying this week. According to IntoTheBlock, net inflows from large holders have spiked more than 2,000% in the past 7 days.

Large holders are whale addresses that hold more than 0.1% of an asset's circulating supply. Their net flow measures buying and selling activity.

When the figure spikes like this, whales have accumulated more coins. Conversely, a decline shows addresses selling their holdings.

Net Flow of Major Notcoin Holders | Source: IntoTheBlock

Dogecoin (DOGE)

Top memecoin Dogecoin (DOGE) was another name that caught the attention of whales this week. According to data from IntoTheBlock, net inflows from large holders increased by more than 2,200%. As of October 17, this totaled 527 million DOGE (worth about $71.46 million), the highest level since the beginning of the month.

Net Flow of Major DOGE Holders | Source: IntoTheBlock

The recent surge comes after the leading memecoin saw double-digit gains in value over the past week. Currently trading at $0.14, DOGE has gained 23% over the period, making it one of the top-performing large-cap memecoins by market capitalization.

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