A top crypto analysis firm, top 200 Ethereum (ETH) holder went on a massive buying spree last year, amassing over $2.9 billion in value from the leading altcoin.
According to Santiment, the top 200 Ethereum whales currently hold more than 62 million ETH, worth approximately $124.1 billion. This figure is an increase of approximately 14.5 million ETH compared to the same period last year. showed.
The firm also says that Monday was the largest increase in ETH wallets created since July.
The top 200 Ethereum wallets currently hold 62.76 million ETH worth ~$124.1 billion. These wallets have accumulated 30.3% more coins since November 21, 2022. Additionally, 94,700 new ETH wallets were created yesterday, which was the highest increase since July.
NEWS CONTINUES BELOW
Santiment later expanded further following the Binance news. crypto- He says the markets are falling.
The bombshell news of Changpeng Zhao’s resignation after the DOJ (US Department of Justice) found him guilty of money laundering and fraud still continues to hit the mainstream. Altcoins are being extra volatile and depending on how much FUD (fear, uncertainty and doubt) this causes, dip buying opportunities may arise.
Santiment says Binance’s ecosystem native token, Binance Coin (BNB), is among the hardest hit.
Binance Coin was among the altcoins most affected by the news about Changpeng Zhao’s departure as CEO. But if a rapid reputation recovery occurs for crypto’s number one exchange, a BNB bounce would be likely based on trader FUD at this level.
The company before the Binance news altcoinHe suggests that a decline in ‘s has already begun. The firm also notes that some BNB holders are exchanging their coins for FTX’s native token, FTT.
While many see Binance news as the main culprit for one of the biggest pullbacks of the year, the truth of the matter is that altcoins have already seen their market caps shrink. Interestingly, it appears that some investors are exchanging their BNB for FTX’s FTT.
