Crypto analytics firm Santiment says that the supply of ETH is dwindling as the lead altcoin Ethereum (ETH) whales are accumulating. In addition, the coins that Binance Smart Chain whales bought were also announced. cryptocoin.com We are giving the details as…
Ethereum whales continue to buy altcoins
Santiment says that the percentage of Ethereum held by whales on crypto exchanges has risen to all-time highs compared to exchanges. He states that the amount of ETH held by the 10 largest over-the-counter whale addresses has increased to 25.7 million ETH. The 10 largest whale addresses holding their assets on the stock market continue to decline in terms of amount, with only $3.57 million in ETH.
Ethereum is currently priced at $3,245, meaning over-the-counter whales are holding more than $83.39 billion in ETH. Looking at the Bitcoin (BTC) chart later, Santiment says that more than $100,000 worth of whale transactions fell significantly for both BTC and ETH. “Large whale operations don’t come as often as they do in October or November. Our measurements show that the BTC network receives approximately 13,000 transactions per day in excess of $100,000. The ETH network sees about 9,000 per day,” he says.
Meanwhile, according to WhaleStats, Dogecoin (DOGE) has returned to the top 10 list of cryptocurrencies bought by the 1,000 largest whales with wallets on the Binance Smart Chain (BSC) below. In December and January, trading activity of Doge whales increased sharply. On January 11, a whale transferred 407.4 million DOGE, including the Robinhood app wallet.
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