Ethereum Whales Accumulate 57% of All Coins

Ethereum Whales Accumulate 57% of All Coins

user avatar

by Giorgi Kostiuk

2 years ago

Analysts point out that Ethereum whale wallets now hold 57% of all available coins, marking an all-time high. This could serve as a long-term investment signal.

Whale Wallets Reach Historical Highs

According to Santiment's analysis, whale wallets holding over 100,000 ETH now collectively possess $333 billion. While smaller wallet shares decline, this could indicate ongoing accumulation by major investors. Santiment states this whale behavior might be a positive long-term signal for Ethereum.

Given the assumption that Ethereum's market capitalization increasingly includes DeFi and staking wallets, this trend may be a positive long-term signal. Santiment

Rise in Ethereum Addresses

The average number of new Ethereum addresses surpassed 130,200 in December, reaching an eight-month high. Ether's price broke the $4,000 mark for the first time since March, indicating possible future growth expected by analysts in 2025.

Social Sentiment Around Cryptocurrencies

According to a separate Santiment analysis, renewed interest has been noted around cryptocurrencies like Bitcoin and Ethereum, which remain at the center of discussions. Bitcoin's record-setting $100,000 breach has sparked debates about its dominance and impact on altcoins.

The increased concentration of ETH in whale wallets and the rise in addresses are positive factors contributing to a long-term outlook for Ethereum. Social attention is intensifying, which could support further movements in the crypto market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

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.