Ethereum whale wallet holdings attain its new all-time high
2024-12-17
Category: None

A cryptocurrency market data and analytics platform, Santiment has revealed that the Ethereum whale wallet holdings have attained an all-time high by holding around 57% of all Ether existing in the current scenario. 
On December 16, the X account of the platform revealed that around 104 whale wallets have over 100,000 Ether each, a combined worth of $333 billion. Meanwhile, wallets having between 10 and 100,000 Ether are at a low in history and are standing at 33.46%. 
Wallets have less than 100 Ether and a supply ratio of only 9.19%, resulting in a four-year low, which can also be an indication of a long-term bullish market, particularly if the whales keep collecting more. What does the data indicate about? 
Santiment further revealed that with the caution that Ethereum is more and more comprised of DeFi as well as staking wallets, it is still normally a bullish long-term signal when the most significant and prime stakeholders carry on accumulating the token. 
It added that particularly when it is a 9-year-old asset having whales holding their highest-ever part of tokens. It comes as the daily average of new Ethereum addresses went over 130,300 this month, attaining an eight-month high. 
The data from CoinMarketCap shows that on December 7, the price of Ether also recouped to $4,000 for the first time since March, and at the press time it is trading at $4,014. Talking about its all-time high, it hit on November 16, 2021, with a whooping price of $4,891, and in the current times, it is 17% down since then. The trending tokens 
It is speculated by many experts that Ether could go over its all-time high in the first quarter of the next year. In another X post on December 16, Santiment revealed that the new all-time high of Bitcoin, $107,800, and the return of ETH over $4,000 are making more bullish records. 
However, the same platform shows that Bitcoin, Vanachains (VANA), and Moca Networks (MOCA) are the trending topics. Bitcoin is trending as it crossed the $100,000 mark on December 6 for the first time ever in history and is continuing to make new highs. 
VANA is a hot topic as it has been listed on major exchanges since it was launched on Binance’s Launchpool. At the same time, the price of MOCA went up by 95% in the past seven days, after it got listed on prominent South Korean exchanges, which has kept it as a trending topic among traders.  © Todayq News