According to ChainCatcher news, data from the on-chain analysis platform Santiment shows that Ethereum whale wallet holdings have reached an all-time high, with 104 whale wallets holding over 100,000 Ether, estimated to hold 57% of the total existing Ether supply.
Meanwhile, the proportion of wallets holding between 10 and 100,000 Ether is at a historical low of 33.46%, while the supply proportion of wallets holding less than 100 Ether is only 9.19%, also marking the lowest level in nearly four years. This could be a long-term bullish signal, especially if whales continue to accumulate more Ether.
Santiment states: "Although the second largest market capitalization currency is increasingly composed of DeFi and staking wallets, it is often still a bullish long-term signal when the most prominent key stakeholders of a currency continue to accumulate. Especially when it is an asset with a 9-year history, and the proportion of tokens held by large holders has reached an all-time high."
