Santiment on-chain data aggregator has tweeted that since last year, the ten largest Ethereum wallets have increased their ETH balance, raising it to a total 23.7 percent of the second biggest cryptocurrency that is circulating out there at the moment.
The rise in the ETH balance constitutes 4.3 percent compared to March 2021. The currently held amount of 23.7 percent of the total Ether supply is pretty much close to the 5-year high level that these wallets reached in January this year.
According to Glassnode, whales have recently removed a staggering $1.4 billion worth of Ethereum from multiple crypto exchanges, compared to $739.7 million of ETH inflows. Thus the net flow of Ether to exchanges now totals -$628.1 million.