IMPORTANT POINTS:
- The top 200 Ethereum whales have increased their stake, accumulating around $125 billion, representing 52% of the circulating supply.
- The blockchain platform saw a notable increase in network growth, reaching levels not seen since July 2023, supporting whale confidence in the cryptocurrency.
- The blockchain platform saw a notable increase in network growth, reaching levels not seen since July 2023, supporting whale confidence in the cryptocurrency.
The cryptocurrency market has seen a return in confidence and price advances in several of its digital assets. Amid this resurgence, Ethereum (ETH) has stood out by registering a significant increase in interest from its whales, who currently hold almost $125 billion worth of the second-largest cryptocurrency by market capitalization.
According to data shared by the user behind the OneArt crypto wallet on November 22, the top 200 Ethereum holders, commonly known as whales, now collectively hold 62.76 million ETH, worth approximately $124.1 billion. This data reveals that these whales control 52% of the circulating supply of 120.25 million ETH.
OneArt made reference to information previously published by the blockchain analysis platform Santiment. According to Santiment, these whale addresses currently hold 30.3% more ETH compared to the 48.2 million ETH they held a year ago. This increase in holdings coincides with notable growth in the network, reaching its highest level since July 2023.
Additionally, the data indicates a marked increase in the creation of new Ethereum addresses, with approximately 94,700 new addresses created on November 20. This address-creation activity is the highest seen in more than four months, dating back to July of this year, according to analysis shared by the platform’s team in a post on November 21.
