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Number of Wallets with 10,000+ ETH Hits New High

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Sat, 11/28/2020 - 09:55
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Yuri Molchan
Glassnode research company has reported a recent inflow of new Ether owners in the ecosystem as ETH remains in the $510 area
Number of Wallets with 10,000+ ETH Hits New High
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Data shared by the Glassnode analytics provider stated that more users are entering the ETH market, setting up wallets for storing their crypto now that Ethereum is on the rise, even though there has been a twenty-percent rebound.

Number of 10,000+ holders hits a new high

Glassnode has reported a rise in the number of ETH wallets with more than 10,000 coins in them. According to the data shared in the recent tweet, the number of these wallets now totals 1,062 – that’s a 3-month high.

ETH
Image via Twitter

Apart from that, as per Glassnode, the amount of non-zero ETH wallets has surpassed 50 million.

Ethereum mean hashrate has also reached an all-time high of 270,629,263,696,999.625. Rising hashrate signifies growth of the mining network and shows that it is strong and healthy.

Related
Here's Why Ethereum (ETH) Soared to $619 High Earlier Today

ETH loses 20 percent after its recent peak

At the time of writing the article, the second biggest cryptocurrency, Ethereum, is sitting at $510.65.

However, over the past week, ETH has managed to reach a new high unseen since early 2018 – the $619 level.

ETH
Image via CoinMarketCap

The recent Bitcoin rally to over the $19,000 mark has pushed multiple altcoins upward, with ETH among them.

Besides, the good news for Ethereum recently has been the fact that the deposit contract for ETH 2.0 has been filled with ETH by validators.

They have sent a minimum of 32 ETH each and more than 540,000 ETH overall – that is a bigger deposited amount that was initially expected. Now, phase 0 of Ethereum 2.0 is expected to launch on December 1, according to the schedule announced previously.

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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.