Ethereum (ETH) whale and shark addresses accumulated an additional 14% of supply over 5 months
JH Kim
Summary
- According to Santiment, Ethereum (ETH) whale and shark addresses have been steadily buying over the past 5 months.
- These addresses have additionally accumulated an amount equivalent to about 14% of the total ETH supply.
- It said this accumulation movement appears to strengthen long-term investment sentiment and is expected to affect ETH market supply-demand and price trends.
On the 3rd (local time), according to crypto asset (cryptocurrency) data analytics firm Santiment, whale and shark addresses holding 1000~100000 ETH by balance have been steadily buying over the past 5 months.
Santiment analyzed that "these addresses have additionally accumulated an amount equivalent to about 14% of the total ETH supply over the past 5 months."
This accumulation movement suggests that long-term investment sentiment is strengthening, and it is likely to affect ETH market supply-demand and price trends.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
