Ethereum whales switching dealers
Ethereum (ETH) whale addresses have recently shown a continuous clustering trend:
Whale holdings: Currently, 104 addresses hold at least 100,000 ETH, 57.35% of the total supply, with a market value of approximately US$300 billion.
Small wallets: The proportion of wallet addresses holding 10-100 ETH has dropped to a historical low of only 30%. Wallets holding less than 100 ETH only account for 10% of the total supply.
It can be seen that Ethereum's switching dealers is nearing its end. Old dealers leave the market and new dealers enter the market. This lays the foundation for the potential rise in Ethereum prices in 2025.