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

Broadridge and Dinari Integrate Proxy Voting for Tokenized Stocks

Broadridge and Dinari have integrated their systems to allow eligible holders of Dinaris dShares to exercise voting rights through established proxy voting infrastructure.

user avatarTando Nkube

Google Launches TPU 8tx and TPU 8i Max AI Systems to Challenge Nvidia

Google has launched TPU 8tx and TPU 8i Max AI systems to enhance privacy and memory capabilities, aiming to compete with Nvidia.

user avatarKofi Adjeman

Nvidia's Stock Plummets Amid Scandal and Google’s AI Chip Launch

Nvidia's stock has dropped significantly following CEO Jensen Huang's admission of an extramarital affair, coinciding with Google's announcement of new AI chips.

user avatarNguyen Van Long

FATF to Review Jurisdictions with Weak Virtual Asset Oversight

The Financial Action Task Force (FATF) will review jurisdictions with longstanding shortcomings in virtual asset regulation to identify necessary actions for the upcoming plenary.

user avatarSatoshi Nakamura

Stellar Development Foundation Makes Strategic Investment in Marketnode

On October 29, the Stellar Development Foundation announced a strategic investment in Marketnode to enhance institutional access to tokenized investment products in the Asia-Pacific region.

user avatarJesper Sørensen

Tokenization Efforts in Wall Street Face Challenges

Tokenization efforts on Wall Street face challenges as major companies opt out, highlighting volatility and illiquidity in the market.

user avatarRajesh Kumar

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.