According to the analytical company Santiment, now Ethereum addresses with a balance of at least 10,000 ETH account for almost 68% of the aggregate circulating supply.
Thus, Ethereum kits currently hold the highest percentage of coins since November 2017. At the same time, ETH holders with over 10,000 Ethereum hit their lowest point since September 2017.
The rate of Ethereum has been growing since the beginning of 2021 – over the past 8 weeks, the second biggest crypto asset in the world has grown by more than 120%. ETH hit an all-time high of $20З0 on Feb 20, with altcoin trading above $1,717 at the time of writing with a total market cap of $197 billion.
The recent spike in prices has also led to an increase in the number of anonymous transactions with Ethereum. Today, blockchain data tracker and analytics platform Whale Alert reported a transaction involving 68,000 ETH worth approximately $110 million. Funds were moved from one unknown wallet to another.
Despite some trials, ETH is winning popularity with both retail and institutional investors. In addition, Amazon not long ago announced the general accessibility of Ethereum on its operated blockchain service.
Institutional adoption plays an important role in the emergence of fat wallets belonging to the so-called whales. Santiment data shows that there has been a significant jump in addresses containing at least 10,000 ETH since the beginning of this year.
Over the past З0 days, the world’s largest crypto asset administrator Grayscale has bought 1З8, З61 ETH for over $240 million. Currently, the asset manager holds over З.17 million ETH worth almost $5.5 billion.
Ethereum stayed the most effective digital asset among the top 5 cryptocurrencies, as the main altcoin gained 14% over the past 7 days.
We remind you that last month Ethereum futures opened trading on the CME.
