Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Sharpmax on June 03, 2021, 11:43:10 PM
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Ethereum, the world’s second-most valuable digital asset, is now up by more than 7% in the last 24 hours as the cryptocurrency market posted a strong rebound. Ethereum’s on-chain activity has also increased rapidly in the last few weeks as large ETH addresses have accelerated the accumulation of Ethereum coins.
Santiment, the crypto analytics and data services provider, today released its latest report about Ethereum whales and mentioned that the top 10 ETH addresses are now holding a total of 19.08 million coins. Despite the latest accumulation, ETH supply at leading digital exchanges is plunging.
“The top 10 Ethereum whale addresses are creeping toward a new milestone in terms of supply held. Currently holding 19.08m ETH, these top addresses previously held an All-Time High of 19.25m ETH three weeks before the price skyrocketed above $4,300,” Santiment mentioned.
Ethereum 2.0, the network upgrade of ETH, recently crossed 5 million coins under its deposit contract after receiving immense support from the ETH community. Due to the latest decrease in volatility, the average transaction fee on the ETH network has dropped from over $60 to as low as $6.08 during the last 4 weeks. Source (https://cryptonews.net/744663/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)