Ethereumhas been in a slight rally since Jan 1st. Whales, on the other hand, increased their savings following this rally. According to Santiment’s on-chain data, whales have been accumulating since December 16. As a result, ETH has managed to rise for the past four days.
Whale accumulation has increased strongly since January 3, as evidenced by Santiment’s data. According to the chart, the highest level of transactions occurred yesterday and in just 4 hours, 611 ETH transactions were recorded above $100,000.
🐳 Ace #altcoins have heated up, #Ethereum quietly rebounded back above $1,260 for the 1st time in 3 weeks. Though not quite at the level of the big whale dip buys on December 16th ($ETH’s local price bottom), whales are showing increased interest again. https://t.co/9ihbtrSBbF pic.twitter.com/xBtBJlpxgV
— Santiment (@santimentfeed) January 4, 2023
NEWS CONTINUES BELOW
WhaleAlert has detected over $154 million in Ethereum transaction activity since Jan. The first transaction started on January 1 with 32,200 ETH movements. On January 4, 95,342 ETH was transferred.
Ethereum whales, as well as smaller-pocketed investors, have been buying more tokens since December. According to the data, wallets with 1 to 100 ETH have increased their holdings to a total of 12.49 million.
Messari, on the other hand, found that wallet addresses with at least 1 ETH increased to 1.7 million, and holders of at least 100 ETH increased to 7000. Currently, there are more than 1 million EHTs at at least 6 addresses.
Ethereum Gains Value
The recent surge in Ethereum backlog indicates investors’ interest in the rising price. As Koinfinans.com reported, ETH continues to 2023 with modest rallies.
The price rallied to a three-week high of $1,272 before receiving a rejection. Despite this move, ETH price is up 3.49%. As a result, the price rose for four consecutive days.
Source : The Crypto Basic