Whales Start Preferring Ethereum Over Bitcoin: There's a 64 Percent Difference!

Ethereum whale transactions surged 64%, outpacing Bitcoin, with the launch of 9 new spot ETFs.

According to the post shared by on-chain data and analysis platform Santiment today, the activities of Ethereum whales increased with the launch of 9 new spot ETFs after the US approval.

It was noted that the number of Ethereum transfers exceeding $100 thousand is 64% more than Bitcoin transfers and 126% more than USDT transfers on the Ethereum network since July. . During this period, 77.2 thousand whale transactions took place in Ethereum, while this number was recorded as 47 thousand in Bitcoin and 34.1 thousand in Tether.



Santiment made the following statements in his statement:

As of July 17, Ethereum transfers exceeding $100,000 outnumbered Bitcoin transfers by 64% and USDT transfers by 126%.

These data show that major investors have increased their interest in Ethereum and support the market activity. While the launch of spot ETFs continues to attract the attention of investors, this increase in Ethereum's transaction volume also brings to the fore the potential impact on prices.