The largest Ethereum whales currently hold a record $241.635 billion in ETH, as per the latest data from on-chain analytics. Santiment reports that the top 100 non-exchange Ethereum whales own a total of 68.39 million ETH tokens, while exchange wallets have decreased.
The number of ETH in the top 100 wallets on exchanges has dropped below its previous low from May 2018, now standing at 8.41 million ETH. This indicates a trend of increased distribution over time. In contrast, the top 100 non-exchange wallets are at an all-time high, holding 68.39 million ETH.
Ethereum is currently trading at $3,566. Santiment notes that sentiment around Bitcoin has become uncertain, with mentions of “selling” or “taking profit” on social media often coinciding with price bottoms or rallies.
With BTC in a downtrend and sentiment low, there may be an opportunity to accumulate the cryptocurrency. Fear has gripped the crowd as Bitcoin dropped to $65,000, its lowest value since May 16th. Increased mentions of “selling” or “taking profit” after a drop could lead to a temporary bounce and buying opportunity amidst FUD and panic from small traders.
BTC is trading at $66,235 at the time of writing. Stay updated with email alerts from The Daily Hodl and follow them on various social media platforms for the latest price action and news. Remember to do your own research before investing in high-risk assets like Bitcoin or cryptocurrencies. Trading decisions are your own responsibility, and The Daily Hodl does not provide investment advice.
