According to on-chain analytics firm Santiment, the largest Ethereum (ETH) whale addresses are accumulating ETH.
Santiment underlined that wallets holding ETH with a value of $10.9 million and $1.09 billion collected $1.03 million in ETH in just one day.
centimentAccording to , this activity represents the fifth largest single-day addition by the largest whale group last year.
Ethereum was trading at $1,163 at the time of the news. The second-ranked crypto asset by market cap has gained more than 5% over the past 24 hours.
Santiment also bitcoin He found that Monday’s drop in the price of the market was the result of many investors exiting the sector.
“Bitcoin is seeing its lowest level of trading while in profit since November 2019. Jumps typically occur when this metric is severely negative.”
Bitcoin dropped as low as $15,665 before recovering slightly on Monday. Bitcoin was trading at $16,579 at the time of writing.
Santiment noted that Bitcoin’s address activity also hit a six-month high at the weekend.
Koinfinans.com As we have shared the details with you before, the decentralized oracle network chainlink (LINK) has also seen an increase in active addresses.
LINK was trading at $6.52 at the time of writing. The 23rd-ranked crypto asset by market cap has gained more than 8% in the last 24 hours.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.