$ETH
Affirming position
According to Odaily, recent data from Santiment shows that 104 whale wallets are currently holding at least 100,000 ETH each, accounting for a total of 57.35% of the current Ethereum supply. This is a record high, with the total value of these holdings estimated at around $333.1 billion. In contrast, the supply held by wallets containing between 100 and 100,000 ETH has reached a record low of 33.46%. Additionally, the percentage of supply held by wallets with less than 100 ETH is nearing a four-year low, at 9.19%.
The increasing dominance of whale wallets in the Ethereum ecosystem is noteworthy, especially as more ETH wallets are being integrated into decentralized finance (DeFi) and staking platforms. This trend is often viewed as a long-term bullish signal, particularly as the most important stakeholders of a token continue to accumulate. Given that Ethereum is a nine-year-old asset, the record high percentage of tokens held by whale wallets suggests a positive potential outlook for its future market performance.