Cryptocurrency analytics platform IntoTheBlock reports a substantial increase in Ethereum whale shares for 2023, driven by the recent merge and staking opportunities.
Rise of Ethereum Whale Shares
Ethereum whales now control 43% of ETH tokens, marking a significant increase from 22% earlier in 2023. According to IntoTheBlock, this is linked to the Ethereum merge and staking opportunities.
Staking Statistics and Impact
The number of unique addresses supplying ETH to the staking contract stands at 210,100, an 8.60% increase over the past 24 hours. The cumulative amount of ETH tokens staked is 55.96 million.
Ethereum Price Dynamics
The price of Ethereum (ETH) is approaching $3,500 according to CoinGecko data. The leading altcoin rose by 2% over the past 24 hours, climbing alongside other major altcoins. Bitcoin surged to $105,079 today.
The increase in Ethereum whale shares and the rising prices of ETH highlight changes in the cryptocurrency market associated with new technology and economic strategies.
