Summary:
Data from blockchain analysis firm Santiment indicates that ETH whales have been accumulating over the past two weeks. They have broken out of a sustained ownership downtrend since the start of the year, and are now back to owning over 12% of the supply. ETH whales, in this context, are defined as addresses holding between 1000 and 10,000 ETH. That’s between about million and million worth of ETH, at current prices. As of Thursday, whale ownership sat at 12.07% of ETH supply, up from 11.92% about 10 days earlier. Whales have hardly shown any sustained accumulation in months. Though concentration among wealthy holders surged in December, it has steadily declined since then. Typically, accumulation is associated with higher prices, as it means a given cryptocurrency
Topics:
Andrew Throuvalas considers the following as important: AA News, ETHBTC, Ethereum (ETH) Price, ethusd
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Data from blockchain analysis firm Santiment indicates that ETH whales have been accumulating over the past two weeks. They have broken out of a sustained ownership downtrend since the start of the year, and are now back to owning over 12% of the supply. ETH whales, in this context, are defined as addresses holding between 1000 and 10,000 ETH. That’s between about million and million worth of ETH, at current prices. As of Thursday, whale ownership sat at 12.07% of ETH supply, up from 11.92% about 10 days earlier. Whales have hardly shown any sustained accumulation in months. Though concentration among wealthy holders surged in December, it has steadily declined since then. Typically, accumulation is associated with higher prices, as it means a given cryptocurrency
Topics:
Andrew Throuvalas considers the following as important: AA News, ETHBTC, Ethereum (ETH) Price, ethusd
This could be interesting, too:
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Data from blockchain analysis firm Santiment indicates that ETH whales have been accumulating over the past two weeks. They have broken out of a sustained ownership downtrend since the start of the year, and are now back to owning over 12% of the supply.
- ETH whales, in this context, are defined as addresses holding between 1000 and 10,000 ETH. That’s between about $3 million and $30 million worth of ETH, at current prices.
- As of Thursday, whale ownership sat at 12.07% of ETH supply, up from 11.92% about 10 days earlier.
- Whales have hardly shown any sustained accumulation in months. Though concentration among wealthy holders surged in December, it has steadily declined since then.
- Typically, accumulation is associated with higher prices, as it means a given cryptocurrency has become more scarce for the market. In October, Bitcoin’s price immediately broke higher after what appeared to be a $1.6 billion whale buy.
- However, ETH’s price is yet to react positively, still in the midst of a week-long decline. Generally, ETH’s price is still tightly correlated with Bitcoin’s.
