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

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Sat, 01/09/2021 - 12:14
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Yuri Molchan
Data recently shared by Glassnode has it that Ethereum has reached a couple of new highs to do with ETH wallets, while ETH is trading in the $1,225 area
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.

ETH
Image via Twitter

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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.

ETH
Image via CoinMarketCap
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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.

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