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Ethereum Charges Back to $3,537 as Top 10 Largest Wallets Skyrocket in ETH Supply: Santiment Data

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Thu, 09/09/2021 - 09:48
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Yuri Molchan
Recent analytics data shows that while ETH whales have acquired more coins, Ethereum has recovered to the $3,500 area after a recent fall
Ethereum Charges Back to $3,537 as Top 10 Largest Wallets Skyrocket in ETH Supply: Santiment Data
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The team of on-chain data vendor Santiment has reported that, in the past 15 weeks, Ethereum whales have added a massive amount of ETH to their holdings.

Meanwhile, the Ethereum price has recaptured the $5,500 area on the charts, and anonymous holders have moved almost $1 billion worth of Ether.

Top 10 largest ETH wallet supply soars to 51-month high

Santiment says that, as Ethereum has so far retaken the $3,537 level, the top 10 largest ETH wallets belonging to whales have shown a substantial rise in the amount of Ether they hold.

In the past 15 weeks, the amount of Ethereum stored in these cold wallets has risen to a 51-month peak. These addresses now hold 21.38% of the circulating Ethereum supply.

That is the largest amount of Ether they have been holding since early May 2017.

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Whales shift over $1,000,000,000 in Ether

Whale Alert, the popular blockchain sleuth, has reported that, in the past 24 hours, crypto whales have relocated a whopping one billion USD in Ethereum.

More than six transactions, carrying from 15,000 ETH to a total between 33,000 ETH and 92,742 ETH each, were noticed by the crypto tracker. In some of them, the funds were moved to or from crypto exchanges—Binance, Gemini, etc.—but the majority was shifted between the anonymous wallets of crypto whales.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.