Recent data reveals that activity on Ethereum has increased significantly, indicating future growth and market changes.
The fact that Ethereum whale holdings have reached 57% shows that investors are growing confident in the long-term value of this asset.
As Santiment notes, “Continued accumulation by major key shareholders is generally considered a positive long-term signal,” reflecting strong market sentiment.
Ethereum is showing promising signals with whale activity peaking and new wallet addresses increasing, with analysts expecting an all-time high in the future.
Recent developments on the Ethereum network are revealing some notable trends. During December, the number of new Ethereum addresses reached an eight-month peak, exceeding 130,200 per day on average. This is seen as a sign of interest in Ethereum. Furthermore, the increase in whale wallets shows that 57% of the total Ether supply is now held by large investors, indicating growing confidence among major stakeholders.
The increase in the number of large wallets, especially those holding more than 100,000 ETH each, highlights the strategic trend in Ether accumulation. According to Santiment, these wallets manage a total of $333 billion worth of Ether. Furthermore, the decrease in the number of smaller wallets suggests that the wealth in the Ethereum ecosystem is increasingly concentrated in the hands of a few large investors.
While the Ether price reclaimed the $4,000 level in March, many analysts are noting that Ethereum still has the potential to surpass the $4,891 level seen in November 2021. If current trends continue, it is estimated that Ether could surpass this threshold in the first quarter of 2025.
This optimism coincides with many investors reassessing their positions, especially after the recent difficulties in the crypto market. Increased whale activity and interest in new wallet addresses provide a solid basis for price appreciation in the short term.
Alongside developments in Ethereum, the overall market sentiment has been driven by significant activity around Bitcoin and some altcoins. According to Santiment’s social sentiment tracker, the conversation around Bitcoin has been steadily increasing, fueled by its recent all-time high of $107,800 and the growing interest in its powerful role in the cryptocurrency ecosystem.
New altcoins like Vanachains (VANA) and Moca Networks (MOCA) have also started to gain traction, fueled by factors like exchange listings and significant price movements. For example, MOCA’s value increased by 95% in just one week, sparking much debate among investors thanks to its integration with major Korean exchanges.
This trend shows that Bitcoin’s movements often have an impact on altcoin markets, with investor attitudes and speculative activity shaping the overall cryptocurrency landscape.
Santiment’s analytics help us understand how social media discussions affect market behavior. By analyzing posts on platforms like X and Telegram, Santiment identifies the most talked about topics in the crypto space. It shows that there is a growing interest in innovative approaches in the Bitcoin, Ethereum and altcoin markets. These discussions not only affect trader sentiment, but can also shape real-time price movements.