CoinVoice has recently learned that data from the on-chain analysis platform Santiment indicates that Ethereum whale wallets have reached an all-time high, with 104 whale wallets holding over 100,000 ETH, estimated to hold 57% of the total existing ETH supply.
Meanwhile, the proportion of wallets holding between 10 and 100,000 ETH is at a historical low of 33.46%, while the supply proportion of wallets holding less than 100 ETH is only 9.19%, also setting a near four-year low. This could be a long-term bullish signal, especially as whales continue to accumulate more ETH.
Santiment states: 'Although the second-largest market cap currency is increasingly composed of DeFi and staking wallets, it is still generally a bullish long-term signal when the key stakeholders of a currency continue to accumulate. This is especially true when it is an asset that has been around for 9 years, and the proportion of tokens held by large holders has reached an all-time high.' [Original link]
