ChainCatcher Message, on-chain analysis platform Santiment's data shows that the amount held by Ethereum whale wallets has reached an all-time high! Currently, there are 104 whale wallets holding over 100,000 Ether, accounting for 57% of the total.🐋
Meanwhile, the proportion of wallets holding between 10 and 100,000 Ether has dropped to 33.46%, while the proportion of wallets holding less than 100 Ether is only 9.19%, marking a near four-year low. This may signal a long-term bullish trend, especially as whales continue to accumulate more Ether.📈
Santiment notes that despite the increasing influence of DeFi and staking wallets, the continued accumulation by key stakeholders often indicates a bullish long-term trend, particularly for assets like Ethereum that have been around for 9 years.🔍