- The top ten non-exchange wallets own 24.78 million Ether.
- The top 10 whale wallets owned 21.38% of all circulating Ether.
According to Santiment, the biggest wallets linked to cryptocurrency exchanges possess 8 times as much Ether as the top 10 wallets linked to exchanges.
On the daily timeframe, the price of ETH not only fell below $4,000 but also closed below this critical level. Ethereum (ETH) hasn’t seen a complete candle body below the $4K threshold since October 19, assuming no shocks occur today. As a result, the bullish trend came to a stop for the time being.
The sellers have taken control of the market movement when ETH fell below a critical support level. For ETH, more declines below support levels of $3,750 and maybe $3,000 in the mid-long term are likely if a rebound isn’t possible anytime soon.
Analytics Report on ETH Held
In a recent tweet, the analytics firm revealed the information. For some time, the 10 largest non-exchange Ethereum wallets have held significantly more ETH than the 10 largest central exchange addresses, according to Santiment’s analytics team. The top ten non-exchange wallets own 24.78 million Ether, while the top ten wallets on crypto exchanges hold 3.82 million.
🐳 The 10 largest #Ethereum addresses on exchanges hold a cumulative 3.82M $ETH, which is the lowest level since exodus. Meanwhile, the top 10 largest non-exchange addresses hold a cumulative 24.78 $ETH, closing in on the 26.63 $ETH #ATH in June, 2016. https://t.co/0Evh1k02R9 pic.twitter.com/yPGhXswE7r
— Santiment (@santimentfeed) December 14, 2021
According to experts, these massive non-exchange wallets have nearly caught up to the record of 26.63 million achieved in June 2016. After another large buy in September, the top 10 whale wallets owned 21.38% of all circulating Ether. According to CoinMarketCap, the Ethereum price today is $3,823.97 USD with a 24-hour trading volume of $26,148,718,831 USD. Ethereum has been down 0.78% in the last 24 hours.
