Ethereum Supply Becomes More Concentrated In Large Wallets, Here Are The Numbers
The concentration of Ethereum (ETH) among large wallet holders is increasing as whales and institutional players continue to buy the second-largest cryptocurrency at an aggressive pace. Fresh on-chain data has also revealed a striking shift in the asset’s supply distribution. Currently, almost a quarter of Ethereum’s supply is now controlled by these large players, suggesting […]
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The number of Ethereum addresses holding at least 1,000 ETH dropped to a four-year low this week. Ethereum is having difficulty keeping its richest investors in line as its native token, Ether (ETH), hints at logging more losses in the near term.Blockchain data analytics service Glassnode revealed that the number of Ethereum addresses holding at least 1,000 ETH dropped to 6,292 this Monday, the lowest reading since April 2017. At its year-to-date peak, the numbers were 7,239 in January.Number of Ethereum addresses with balance of at least 1,000 ETH. Source: GlassnodeOn-chain analysts....