IntoTheBlock points out that the number of ETH whales has been increasing recently.The trend of ETH accumulation between whales may indicate trust and confidence in the entire project
- IntoTheBlock points out that the number of ETH whales has been increasing recently.
- The trend of ETH accumulation between whales may indicate trust and confidence in the entire project.
- As of the time of publication, ETH has experienced a 1.61% price increase in the past 24 hours, with a value of approximately $1814.41.
The market intelligence platform IntoTheBlock announced on Twitter earlier this morning that the number of Ethereum (ETH) whales is on the rise. According to the post, the collective holdings of ETH whales have soared to 30.07 million ETHs, a significant increase from the 26.56 million ETHs recorded earlier this year.
This growth indicates an increasing trend among addresses holding over 0.1% of Ethereum's total supply. In addition, the presence of these major holders indicates potential market confidence and long-term investment strategies within the Ethereum ecosystem.
The fact that whales continue to collect more ETHs highlights their belief in the value and future prospects of cryptocurrencies. As of the time of publication, CoinMarketCap stated that ETH is one of the cryptocurrencies traded in green before entering the weekend.
After experiencing a 1.61% price increase in the past 24 hours of trading, the market leader in counterfeit coins has a value of approximately $1814.41. Therefore, ETH's trading price is slightly lower than its daily high of $1817.16.
This price increase has also led to a rise of approximately 0.71% in counterfeit currency compared to its biggest competitor Bitcoin (BTC) in the past day. In addition, it has successfully turned its weekly performance back to green. As of the time of publication, ETH has increased by 0.29% in the past 7 days.
On the other hand, the 24-hour trading volume of this cryptocurrency has decreased by more than 20%. Therefore, as of the time of publication, ETH's trading volume ultimately stabilized at $5470852175.
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