Ethereum billionaire cohort steps up accumulation
The post Ethereum billionaire cohort steps up accumulation appeared on BitcoinEthereumNews.com. Ethereum’s supply held by wallets with over 1 million ETH was over 32% at press time. ETH was still around the $1,500 range with a minor addition in value. Billionaire Ethereum [ETH] holders have been actively accumulating assets, and their wallets have just reached a new all-time high. It is pertinent to note that price movements of ETH have significantly influenced this accumulation trend. Read Ethereum’s [ETH] Price Prediction 2023-24 Ethereum billionaires want more A recent report from Santiment revealed that Ethereum whales, those with 1 million or more ETH in their wallets, have increased their ETH holdings. The data indicates that the percentage of total ETH supply held by these wealthy addresses reached 32.3%, a level not seen since 2016. As of the most recent data available, these whale addresses collectively held approximately 32.28% of the total supply. Source: Santiment Additionally, there was a notable increase in the volume of transactions involving these large whale wallets. According to Santiment’s findings, the volume of whale transactions reached its second-highest level in the past five weeks. This suggests a clear correlation between the surge in transaction activity and the accumulation of ETH by billionaire wallet holders. How do smaller Ethereum wallets compare? A deeper analysis of Santiment’s distribution chart revealed an interesting trend. While larger wallets were actively accumulating Ethereum, smaller wallets appeared to be reducing their holdings. Specifically, when looking at the wallet tiers containing 1,000 to 10,000 ETH and 10,000 to 100,000 ETH, there was a decrease in their supply distribution. Source: Santiment As of the most recent data, the wallet tier with 1,000 to 10,000 ETH holdings accounted for approximately 11.19% of the total supply, down from around 11.23%. Similarly, the wallet tier with 10,000 to 100,000 ETH holdings represented about 20.9% of the total supply, down from over…
The post Ethereum billionaire cohort steps up accumulation appeared on BitcoinEthereumNews.com.
Ethereum’s supply held by wallets with over 1 million ETH was over 32% at press time. ETH was still around the $1,500 range with a minor addition in value. Billionaire Ethereum [ETH] holders have been actively accumulating assets, and their wallets have just reached a new all-time high. It is pertinent to note that price movements of ETH have significantly influenced this accumulation trend. Read Ethereum’s [ETH] Price Prediction 2023-24 Ethereum billionaires want more A recent report from Santiment revealed that Ethereum whales, those with 1 million or more ETH in their wallets, have increased their ETH holdings. The data indicates that the percentage of total ETH supply held by these wealthy addresses reached 32.3%, a level not seen since 2016. As of the most recent data available, these whale addresses collectively held approximately 32.28% of the total supply. Source: Santiment Additionally, there was a notable increase in the volume of transactions involving these large whale wallets. According to Santiment’s findings, the volume of whale transactions reached its second-highest level in the past five weeks. This suggests a clear correlation between the surge in transaction activity and the accumulation of ETH by billionaire wallet holders. How do smaller Ethereum wallets compare? A deeper analysis of Santiment’s distribution chart revealed an interesting trend. While larger wallets were actively accumulating Ethereum, smaller wallets appeared to be reducing their holdings. Specifically, when looking at the wallet tiers containing 1,000 to 10,000 ETH and 10,000 to 100,000 ETH, there was a decrease in their supply distribution. Source: Santiment As of the most recent data, the wallet tier with 1,000 to 10,000 ETH holdings accounted for approximately 11.19% of the total supply, down from around 11.23%. Similarly, the wallet tier with 10,000 to 100,000 ETH holdings represented about 20.9% of the total supply, down from over…
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