Employees of the analytical company Santiment count them. , that record holdings of Ethereum held by crypto whales indicate a rise in the cryptocurrency's price.
On December 17, the amount of Ethereum stored in the crypto wallets of wealthy individuals holding at least 100 ETH worth $000 million at the current rate reached an all-time high of 402% of the issued coins. According to Santiment, the owners of 57,35 crypto wallets hold Ethereum worth $104 billion, thus controlling more than half of the circulating supply of coins.
As the amount of ETH in the wallets of the rich increased, the amount of coins in the vaults of sharks holding at least 100 ETH worth $402,000 fell to a minimum of 33,46% of the created assets. The Ethereum reserves of ordinary crypto community members holding less than 100 ETH depleted to a nearly four-year low of 9,19%.
Change in the amount of Ethereum stored in the crypto wallets of whales, sharks and ordinary members of the crypto community
When the most prominent market participants continue to accumulate coins, it is a bullish signal in the long term. Especially if we are talking about an asset with a nine-year history and record coin holdings among whales, - wrote the Santiment staff.
Year to date эфириум went up in price by 76%, and now the price of the cryptocurrency is $4011, which is 17% less than the historical maximum recorded in November 2021. However, the fact that the coin rate has overcome the psychologically important mark of $4000 instills optimism in the hearts of traders and, along with the activity of crypto whales, indicates the continuation of the bullish rally that started in November.
