Bitcoin Accumulation: Mega Whale Holdings Hit Highest Levels In 2 Years
Bitcoin whales have been consistently accumulating BTC since the beginning of the year amidst a bullish future outlook for the crypto industry. These elevated whale holdings showed investor confidence, which also translated into a bullish rally for Bitcoin over the past six months. Related Reading: Solana Price Could Skyrocket 900% As Analyst Identifies Bullish Chart […]
Related News
The so-called "mega whales" have accumulated over $712 million worth of XRP tokens since December 2021. XRP addresses that hold at least 10 million native units have returned to accumulating more in the past three months, a similar scenario that preceded a big rally for the XRP/USD and XRP/BTC pairs in late 2020.The return of XRP 'mega whales' A 76% spike in XRP "mega whale" addresses since December 2021 has been noted by analytics firm Santiment showing that they added a total of 897 million tokens, worth over $712 million today, to their reserves.The platform further highlighted that the....
Over the last few weeks, there has been a clear accumulation trend among Ethereum holders. ETH had spilled out of exchanges at a high rate, following the same movement of BTC out of exchanges. The volume of ETH pointed toward whales taking large positions in the digital asset. The result of their accumulation is now […]
A major Bitcoin whale has begun offloading massive amounts of BTC while simultaneously accumulating ETH. Such whale activity has typically influenced sentiment and liquidity, with ETH stacking rising in pace as BTC reserves are reduced, as analysts watch to see whether whale conviction could tilt the balance between the two largest cryptocurrencies. Whale Unwinds 15,000 BTC Position A Bitcoin whale who once held 15,000 BTC is selling massive amounts of BTC and buying ETH, making waves across the crypto market. Analyst CryptoGucci has revealed on X that this wallet, which originally held....
Bitcoin whale holdings have reached their lowest level in six years, raising concerns about the asset’s price trajectory amid its current price struggles. Interesting data from on-chain data analytics platform IntoTheBlock shows that the aggregate amount of Bitcoin held by whales has dropped to levels last seen in 2019. Related Reading: Crypto Capital Of The […]
After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today’s ethereum exchange rates.
Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses
On August 14, 2022, onchain data indicates that a whale who participated in the Ethereum Genesis ICO has moved 145,000 ETH to various addresses. The funds were worth $276 million using current ETH exchange rates. It was the first time the Genesis....