The leading analytics firm in the crypto world centimentEthereum (ETH) whales continue to show interest in the pioneering smart contract platform despite sustained losses, according to data from .
According to Santiment, Ethereum Addresses with 100 to 100,000 ETH balances continue to accumulate since June 7, despite having experienced a significant devaluation in the past month.
“Ethereum sharks and whale addresses (with 100 to 100,000 ETH) have collectively added 1.1% of the coin supply to the wallet, down from the 39% experienced. Historical evidence suggests that this tier group is leading the way in future price action.”
According to blockchain explorer Etherscan, the current Ethereum supply stands at 119,516,810.
Santiment also saw an exponential increase in the number of unique users interacting with the network. RippleHe also stated that he is following her closely.
“XRP outperformed most altcoins on Thursday when crypto prices fell. A few days ago, the XRP Network exploded in the number of unique addresses interacting on the network, surpassing 200,000 for the first time since February 2020. This is something worth watching.”
Koinfinans.com As we reported, the blockchain analytics firm noted that the two largest memecoins by market cap, Dogecoin (DOGE) and Shiba Inu (SHIB), have also seen a significant increase in network activity over the past ten days.
“Whatever your opinion of Dogecoin and Shiba Inu, each shows notable increases in network activity. Especially in the last 10 days, DOGE (+32%) and SHIB (+35%) saw an increase in network engagement.”
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.