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Santiment: the share of Ethereum on whale accounts has reached a new all-time high

Santiment published a note on Ethereum.

Experts noted that the share of supply controlled by whales has reached an all-time high.

The 104 largest holders hold Ethereum worth $335 billion.

The share of so-called sharks and shrimp has reached lows.

The 104 whales, whose wallet balances are from 100,000 ETH (about $400 million), control 57.35% of the asset's supply. This is a new all-time high, according to the Santiment experts' report.

According to their note, these wallets control 83.81 million ETH — $335.2 billion at the current exchange rate. Meanwhile, the shares of the so-called sharks (from 100 ETH to 100,000) and shrimp (up to 100 ETH) have reached new lows.

These accounts account for 33.46% and 9.19% respectively. In the first case, this is an all-time low, in the second — since January 2021. In this trend, Santiment experts see a 'bullish' signal.

Notably, whales continue to accumulate coins against the backdrop of rising yield supply of the asset. Since the beginning of November 2024, this figure has increased from 49.11 million ETH to 71.4 million ETH as of December 16, according to Glassnode.