Big Whale Purchases Could Be a Rally Harbinger for This Altcoin: Analyst Explained!

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Crypto analyst Ali revealed data that points to a remarkable development in the Ethereum network. took out. The largest Ethereum wallets have embarked on a nine-day consecutive Ethereum hoarding spree for the first time in the last nine months. These whales have been steadily accumulating Ethereum, surprising many market observers. Ali considers this situation as a potential upward signal in the altcoin price.

In particular, increased buying pressure and whale accumulations may indicate increased confidence in Ethereum’s value. The analyst interprets this trend of big whales to accumulate ETH as an indicator that reflects the altcoin community’s long-term confidence in Ethereum. This could increase Ethereum’s value and make it appear as an attractive asset to its investors.

However, the increase in the total amount of ETH controlled by Ethereum whales could also cause a decisive impact on the market. According to Santiment, the top 200 Ethereum wallets hold 52% of the total supply. This indicates the potential for these whales to influence future price movements.

According to the data, since November 21, 2022, the top 200 Ethereum wallets have added 30.3% to the total ETH supply. This shows that the influence of these whales, who control a significant portion of Ethereum’s circulating supply, is increasing.

Additionally, 94,700 new ETH wallets were created on November 21; This value is the highest value seen since July.

The community of the leading altcoin Ethereum is eagerly waiting to see how big whales will evaluate this strategic accumulation. Whales’ trading decisions can often have a significant impact on the market and affect the price dynamics of cryptocurrencies. Therefore, it seems that investors and analysts who follow the Ethereum market closely will continue to carefully monitor whale movements.

You can follow the current price movement here.


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