On-chain analysis platform Santiment's latest data shows that the number of Ethereum whale wallets has reached an all-time high, with 104 whale wallets holding over 100,000 Ether, accounting for 57% of the total existing Ether supply. This phenomenon has attracted market attention as it may signal a long-term bullish trend.

At the same time, the proportion of wallets holding between 10 and 100,000 Ether has fallen to a historical low of 33.46%, while the supply proportion of wallets holding less than 100 Ether is only 9.19%, marking a nearly four-year low. Santiment points out that although Ethereum is increasingly held by DeFi and staking wallets, the continued accumulation by key stakeholders is often seen as a long-term positive signal, especially for this asset that has been around for 9 years.