🚀 ETH: Whales Are "Accumulating": Could This Be the Bottom?

According to Santiment, the Ethereum market is witnessing a significant shift in the allocation of ETH supply among wallet groups, with positive long-term signs coming from whale wallets.

👉Largest Historical Whale Accumulation: There are currently 104 whale wallets (each holding over 100,000 ETH) controlling up to 57% of the total Ethereum supply, equivalent to $333 billion, the highest ever recorded. This move shows that large investors are still actively accumulating ETH despite market volatility.

👉While whale wallets are increasing their holdings, smaller wallet groups are significantly declining:

Average wallets (10 - 100,000 ETH): Only holding 33.5% of the total supply, the lowest level in history.

Small wallets (<100 ETH): Decreased to 9.19%, the lowest in the past 4 years.

This shows that a large portion of ETH is gradually concentrating in the hands of major investors, reducing the allocation in small and medium wallets.

👉Despite the concentration from whale wallets, the number of new Ethereum wallet addresses is averaging 130,200 wallets/day, the highest in the past 8 months. This is a sign of increasing interest from new investors, helping to maintain growth momentum and expand the Ethereum network.

💥The strong accumulation of ETH by whales along with the rise of new wallets indicates a promising future for Ethereum. However, investors need to carefully consider risks before making investment decisions. With the current positive signs, Ethereum could very well become one of the most attractive digital assets in the near future.

#eth‬ to the moon🚀 #stablecoin #Write&Earn