The Ethereum ecosystem has been witnessing a fascinating trend in recent times, as the number of Ethereum whales continues to rise. These astute investors, known for holding a significant portion of the total supply, have amassed 30.07 million Ethereum (ETH) worth over $9 billion in their wallets.
This surge in holdings marks a substantial increase from the 26.56 million ETH held at the beginning of the year. The accumulation of Ethereum by these whales not only reflects their confidence in the digital asset but also hints at an ongoing fervor surrounding the world’s second-largest cryptocurrency by market capitalization.
Ethereum Whales And Their Growing Holdings
The growing number of Ethereum whales signals a notable rise in the holdings of addresses that possess over 0.1% of the total supply. IntoTheBlock, an on-chain analytics firm has shed light on this trend, revealing the enthusiastic…
