On-chain data provider Santiment tweeted that the top ten Ethereum whale has increased the amount of ETH in their wallets and is the world’s largest altcoin reported that they have 23.7% of the amount in circulation.
Whales Own 23.7 percent of All Ethereum Supply
Compared to March of last year, Ethereum whales increased their share of the circulating amount of ETH by 4.3%.
The whales, which currently have 23.7% of the total ETH supply, are watching very close to the highest level of the last five years observed in January with this rate.
🐳 #Ethereum‘s top 10 #whale addresses hold 4.3% more of the total supply than they did one year ago today. The 23.7% of all $ETH held by these wallets remains very close to the 5-year high levels that it first breached in late January. 👀 https://t.co/WawvxhPUiC pic.twitter.com/DtuNaxiwy6
— Santiment (@santimentfeed) March 26, 2022
Another crypto data provider Glassnode, on the other hand, stated in a tweet that a very large amount of ETH, such as $ 1.4 billion, was withdrawn from crypto money exchanges a few days ago.
On the other hand, on the same day, $ 739.7 million was entered into the stock markets. In other words, on March 25, a net ETH outflow of $ 628.1 million from crypto money exchanges took place.
Bitcoin and Ethereum Exit from Cryptocurrency Exchanges Continues
Data provider Glassnode said that today’s events from exchanges bitcoin, Ethereum and Tether It also shared input and output data.
According to the data, 639 million dollars of Bitcoin exit and 499 million dollars of Bitcoin inflow were realized from crypto money exchanges. The net rate for BTC was $140 million in net stock market outflows.
📊 Daily On-Chain Exchange Flow#Bitcoin $BTC
➡️ $499.0M in
⬅️ $639.0M out
📉 Net flow: -$140.0M#Ethereum $ETH
➡️ $250.0M in
⬅️ $288.0M out
📉 Net flow: -$37.9M#Tether (ERC20) $USDT
➡️ $448.2M in
⬅️ $355.4M out
📈 Net flow: +$92.8Mhttps://t.co/dk2HbGwhVw— glassnode alerts (@glassnodealerts) March 27, 2022
When we look at ETH, we see that 288 million dollars of ETH tokens are released from exchanges today, while 250 million dollars of ETH tokens are transferred to exchanges. ETH also experienced a net stock market breakout of $38 million.
On the Tether side, it was noted that unlike BTC and ETH, the amount of tokens transferred to the exchanges is more than the amount withdrawn from the exchanges. A net inflow of USDT of 92.8 million was realized on the exchanges.
*Not investment advice.