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.
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.