Ethereum
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The number of Ethereum whales – investors who own a significant number of coins – has increased dramatically in recent times.
According to IntoTheBlock, these holders now control a whopping 30.07M Ether (ETH), which is a significant increase from the 26.56M Ether they held in early 2023. This growth presupposes continued and active accumulation. Meanwhile, the market is seeing a striking difference in the behavior of different groups of Ethereum holders.
Over the past 30 days, long-term holders or hodlers (holding their coins for more than a year) have increased their holdings by 4.54%. Conversely, medium-term holders (holding from 1 to 12 months) saw a slight decrease in balance of 0.38%, while short-term holders, or traders (holding less than a month), saw a significant decrease of 17.5. %.
The Ethereum (ETH) price managed to record a slight 1.8% gain over the past 24 hours and the currency is now trading around $1,814.54. In the general layout of the Ethereum holding distribution matrix, the vast majority of addresses hold less than 0.1 ETH, which is a relatively small percentage of the total supply of coins. On the other hand, addresses holding between 1,000 and 100,000 ETH, mostly made up of institutional investors and whales, make up a significant portion of the total coin supply.
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