Ethereum Accumulation Soars as Whales Make Bold Moves

Data from IntoTheBlock reveals that Ethereum holders now possess 30.07 million ETH, up from 26.56 million ETH since the beginning of 2023, indicating notable accumulation. Enthusiasm for the second-largest cryptocurrency is evident as addresses owning over 0.1% of the supply contribute to this surge. Long-term holders increased holdings by 4.54%, while midterm holders decreased slightly by 0.38%, and short-term holders experienced a substantial decrease of 17.5%. Institutional investors and whales holding 1,000 to 100,000 ETH represent a significant portion of the $70.09 billion total supply, with most addresses holding less than 0.1 ETH.
Follow and stay always updated.