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Number of Whales with 10,000+ ETH Hits 1-Year High As ETH Inches Closer to Its 2018 ATH

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Sat, 9/01/2021 - 12:14
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Number of Whales with 10,000+ ETH Hits 1-Year High As ETH Inches Closer to Its 2018 ATH
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As reported by Glassnode analytics company, ETH on-chain data to do with Ethereum wallets shows a few major highs achieved today, on January 9.

Number of ETH whales increases

The amount of ETH wallets holding 10,000 ETH or more has spiked, according to a tweet published by Glassnode recently.

The number of ETH 10,000+ wallets has now reached a one-year high of 1,097 with the earlier high seen two days ago, on January 7.

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Non-zero ETH wallets rises in number

Another peak to do with ETH wallets reported by Glassnode is that the amount of non-zero ETH addresses has reached an all-time high and now totals 52,076,882.

This could signify both an inflow of new ETH holders into the ecosystem or the distribution of ETH by users to new wallets.

A new wave of interest from both retail and institutional investors has emerged now, that Ethereum has already revisited the $1,270 level (first time since January 2018), being just $50 away from its all-time high reached in early 2018.

At press-time, the second largest cryptocurrency is trading in the $1,225 zone, rising along with Bitcoin, which reached an all-time high above $42,000 earlier this week.

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Image via CoinMarketCap

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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