• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum's Sovereignty Among Crypto Whales: A Record Hold

user avatar

by Giorgi Kostiuk

4 months ago


Crypto wallets, known as 'whales', have reached a record share of Ethereum ownership, accounting for 57% of ETH in circulation, signaling possible shifts in market dynamics. This news comes amid a surge in Ethereum blockchain activity and growth in new wallets.

Ethereum Whales' Dominance

According to Santiment, 104 wallets each holding more than 100,000 ETH collectively control approximately $333 billion worth of Ethereum, representing 57% of its total supply. While major stakeholders ramp up their holdings, smaller wallet categories are declining. This trend is viewed as a positive long-term signal for Ethereum.

Surge in New Ethereum Addresses

The rise in whale accumulation aligns with a surge in new Ethereum addresses, reaching a daily average of 130,200 in December, marking an eight-month high. This uptick may be linked to increasing user interest and adoption of Ethereum-based DeFi and staking protocols. Concurrently, Ether has reclaimed the $4,000 level.

Social Sentiment and Altcoins

While Ethereum presents strong fundamentals, discussions around other cryptocurrencies are rising in social platforms. Bitcoin's rise to a record $107,800 has sparked discussions about its market dominance. Altcoins like Vanachains (VANA) and Moca Networks (MOCA) also capture attention due to their successes on exchanges.

The growth in Ethereum whale holdings and new addresses suggests potential positive developments for the cryptocurrency. However, market volatility and social sentiment continue to exert significant influence on digital assets' future trajectory.

0

Share

Other news

Innovative Bitcoin ETFs by Grayscale: Steady Income for Investors

Grayscale launches Bitcoin Covered Call and Bitcoin Premium Income ETFs for generating stable income by adapting to market volatility.

user avatarGiorgi Kostiuk

9 minutes ago

Bitcoin Falls Amid Trump's Tariff Plans

The crypto market faced volatility as Trump announced new tariff plans.

user avatarGiorgi Kostiuk

19 minutes ago

Neuralink Starts Brain Implant Trials

Neuralink conducts initial brain implant trials, promising a revolution in neurotechnology.

user avatarGiorgi Kostiuk

19 minutes ago

Major Bitcoin Transfer Sparks Market Fluctuations: Could $103K Be Achieved by April 3?

The transfer of 1,280 BTC worth over $106M leads to market instability and discussions about possibly reaching $103,408 by April 3.

user avatarGiorgi Kostiuk

19 minutes ago

Shibarium Hits 1B Transactions as Shiba Inu Burn Rate Soars 10,000%

Shibarium hits 1B transactions, with a 10,000% SHIB burn rate increase.

user avatarGiorgi Kostiuk

20 minutes ago

Curve Finance Shows Growth and Resilience With $35 Billion in Q1 2025

Curve Finance recorded a 13% increase in trading volume to $35 billion in Q1 2025, solidifying its position in decentralized finance.

user avatarGiorgi Kostiuk

29 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.