Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Cz Rock on May 05, 2021, 04:05:51 PM
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Ethereum’s top 10 non-exchange whale addresses have doubled their holdings in the last 8 months
At the same time, the ETH holdings of the top 10 exchange whales have halved in 7 months
Value locked on DeFi using Ethereum has doubled in the last 3 months
All these events and data point towards a continuation of Ethereum’s bullish momentum
Ethereum’s top 10 non-exchange whales have doubled their ETH holdings in the last 8 months. At the same time, the holdings of Ethereum’s top 10 exchange whales, have halved in the last 7 months.
The accumulation and depletion of Ethereum between non-exchange whales and crypto exchanges was captured by the team at Santiment through the following statement and accompanying chart.
Ethereum touched yet another All Time High of $3,524 a few hours ago before dropping on a mild market-wide correction. Top 10 non-exchange whale holdings have doubled in the past 8 months, while the top 10 exchange whales halved in the past 7 months.
https://cryptonews.net/en/news/ethereum/612802/ (https://cryptonews.net/en/news/ethereum/612802/)
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Well, whales always know what they are doing. Their behavior in the market in relation to increasing stocks indicates a sharp rise in the price of ethereum in the near future. And they were not wrong. Now the price of ethereum has risen to $ 4340, and the capitalization level has exceeded half a trillion dollars. This is almost half of the capitalization of bitcoin. It seems that the forecast that this coin may soon overtake Bitcoin in terms of capitalization may come true. It would be very interesting to see this.