Ethereum and Bitcoin continue to set new records in the cryptocurrency market, drawing attention from analysts and investors. Santiment data indicates significant whale interest in Ethereum, hinting at potential further growth.
Ethereum Market Status
The analytics platform Santiment revealed that the Ethereum whale holdings have reached an all-time high, holding around 57% of all existing Ether. As of December 16, data showed that about 104 wallets hold over 100,000 Ether each, amounting to a combined worth of $333 billion.
Data Analysis and Outlook
Santiment warns that while Ethereum is becoming increasingly comprised of DeFi and staking wallets, accumulation by major stakeholders tends to be a bullish long-term signal. This is especially true for a 9-year-old asset with whales holding their highest-ever part of tokens.
Trending Tokens and Themes
The platform also notes that Bitcoin, VANA, and MOCA are currently trending topics. Bitcoin surpassed the $100,000 mark, while VANA attracted attention after listing on major exchanges. MOCA saw a 95% price increase over the past week following its listing on prominent South Korean exchanges.
Current data and the growing interest from large investors make Ethereum a hot topic in the crypto world. Combined with recent market events, this creates favorable conditions for potentially reaching new heights in the next quarter.
