While the course ofEthereum (ETH) comes from cross the symbolic mark of $4,000investors are rubbing their hands. Indeed, the price of ETH had so far reacted little to increases in Bitcoin. A boon for whales, who seem to continue to accumulate precious ETH.
- The price of Ethereum has crossed the $4,000 mark, attracting increased interest from investors.
- A hyper concentration of ETH was revealed, with 104 wallets holding 57% of the total supply.
The whales take over Ethereum (ETH)
Saintly is a company specializing in on-chain analysis. Thus, she frequently shares her findings on the social network X.
On December 17, Santiment unveiled a hyper concentration of ETH in the hands of a handful of holders. Indeed, Santiment revealed that 104 wallets who hold more than 100,000 ETH, alone account for 57% of the total ETH supply.
“There are currently 104 whale wallets holding at least 100K Ethereum. Their combined holdings currently represent 57.35% of all ETH tokens in existence, worth ~$333.1 billion. »
For their part, wallets holding between 100 and 100,000 ETH hold 33.46% of the supply, compared to 9.19% for small holders with less than 100 ETH.
Note that the share of small holders has reached a low point in 4 years. Thus, it seems that whales and other large investors have more confidence in the future of Ethereum than smaller ones. Or is it just the lure of profit that leads small wallets to believe that Ethereum’s performance will not live up to their expectations.
It’s not just anonymous whales who are interested in Ethereum. Donald Trump, through his World Liberty Financial project, acquired more than $5 million in ETH last week.
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