104 Crypto Whales Hold 57% Of Total ETH Supply As The Daily Average Of New Ethereum Addresses Reaches 8-Month High, Santiment Says
Data from the on-chain analytics platform Santiment shows that 104 whales now hold around 57% of ETH’s total supply as the daily average of new Ethereum addresses hits an 8-month high. Each of the 104 whale wallets hold more than 100,000 ETH, totalling $333 billion collectively, Santiment said in a Dec. 16 X post . Whale Accumulation Of ETH Could Be A Long-Term Bullish Sign While the 104 wallets now hold the majority of ETH’s supply, other wallet metrics have dropped to historic lows. In its X post, Santiment noted that the number of wallets holding between 10 and 100,000 ETH has reached a low of 33.46%. Meanwhile, the supply ratio of wallets holding less than 100 ETH has plunged to a 4-year low as well. Despite the recent lows recorded by these wallet metrics, Santiment said it’s “still generally a bullish long-term signal when a coin’s most prominent key stakeholders continue accumulating.” “Especially when it’s a 9-year-old...