Ethereum whales holding 1 million or more Ether added 3.5 Million tokens or $4.5 Billion worth of Ethereum in 30 days.
Santiment is a market intelligence company that covers on-chain and social metrics of over 2,500 cryptocurrencies. says More whales have purchased Ether, the native token of the Ethereum blockchain.
CoinJournal recently noted that Ethereum is among the top three most popular coins with whales. In fact, large whales have accumulated ETH to an unprecedented level, exceeding 28.5 million ETH.
Billionaire whales acquire $4.5 billion worth from weak hands to buy ETH
According to Santiment data Ethereum billionaires addresses that have at least 1,000,000 ETH have continued accumulating Ether despite the bear markets.
Since around 11 September, this year, the number whales that have 1 million or more Ether addresses has increased to 132.
The accumulation started just before the Ethereum merger and continued through September and the first half of October. These top holders added 14% Ether to account for more than $4.5 billion in ETH stolen from weak hands.
🐳 Since September 11th #Ethereum One million or more billionaire whales are residing in 1M+ locations $ETH Collectively, they have added 3.5M additional coins. Their cumulative total has increased by +14%. There are currently 132 of these addresses. https://t.co/iek4uXbJjV pic.twitter.com/dlCdDkO0Bm
— Santiment (@santimentfeed) October 19, 2022
In its latest analytics outlook, the platform points out ETH held by billionaire addresses has reached an all-time high of 28.55 million ETH- well over $36 billion as per the latest Ethereum price of $1,287 per token.
Elsewhere on-chain data shows Ethereum’s active addresses count has hit its lowest level in 4 months. Santiment claims the trend is stable despite post-merge price stagnation.
😲 #EthereumActive addresses for’s have dropped to 4-month lows and weak hands continue to fall post-#mergeDisinterest has been at an all-time high, as prices have stagnated. Monday marked the beginning of a period when the number of addresses in the network was less than 400k since June 26th. https://t.co/FKXHhg6Z5g pic.twitter.com/1Ekj3bpT0A
— Santiment (@santimentfeed) October 20, 2022
Since mid September, Ethereum has been below $1,000. This is a drop from the highs at $1,470.
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