{"id":30518,"date":"2023-10-18T05:50:29","date_gmt":"2023-10-18T05:50:29","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/10\/18\/ethereum-billionaire-whale-wallet-holdings-at-7-year-high\/"},"modified":"2023-10-18T05:50:29","modified_gmt":"2023-10-18T05:50:29","slug":"ethereum-billionaire-whale-wallet-holdings-at-7-year-high","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/10\/18\/ethereum-billionaire-whale-wallet-holdings-at-7-year-high\/","title":{"rendered":"Ethereum Billionaire Whale Wallet Holdings At 7-Year High"},"content":{"rendered":"

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The world\u2019s second-largest cryptocurrency Ethereum (ETH) has been beneath some promoting stress and buying and selling 1.21% down at a value of $1,570 and a market cap of $188 billion.<\/p>\n

Ethereum Whales In Action<\/h3>\n

ETH has been beneath promoting stress for some time and has been failing to interrupt previous the resistance of $1,600. However, the Ethereum whales are taking advantage of the chance. As per on-chain knowledge supplier Santiment, Ethereum billionaire wallets have their holdings contact a 7-year excessive.<\/p>\n

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Whale addresses on the Ethereum community, characterised by holdings of no less than 1 million ETH, at present possess 32.3% of the entire provide. This marks the primary time such a major focus has occurred since 2016. Furthermore, transactions exceeding $1 million in worth skilled their second-highest each day quantity prior to now 5 weeks. These developments are indicative of a historic second in Ethereum\u2019s trajectory, reported<\/a> Santiment.<\/p>\n

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