Massive Ethereum Whales Acquire $59.47 Billion Worth of ETH, According to Santiment

Ethereum whales are on a buying spree, acquiring the cryptocurrency throughout 2023, as reported by Santiment. The 10 largest non-exchange Ethereum addresses now hold a record-breaking 31.8 million ETH, valued at over $59.6 billion. This surge in ownership can be attributed to the increasing adoption of self-custody and decentralized finance options. Although the crypto market experienced a significant crash due to SEC lawsuits against Binance and Coinbase, Ethereum's strong fundamentals and the support of its vibrant community suggest a potential recovery in the coming weeks.

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