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Home Crypto News Analysis Data Shows That Top 10 Non-Exchange Whales Hold Over 5x More Ethereum...

Data Shows That Top 10 Non-Exchange Whales Hold Over 5x More Ethereum Than Top 10 Crypto Whales On Exchanges

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Based on data from Santiment, the ratio of non-exchange ETH whales that hold Ethereum in wallets other than exchanges reached a new highs as compared to ETH exchange whales.

Read: Chainalysis Report: Europe Becomes World’s Largest Crypto Economy



The Santiment team announced that as Ethereum has recovered to the $3,400 threshold the total amount of ethers owned by non exchange whales totals 22.91 Million ETH.

This is five times the amount of exchange whales that holds 4.6 million Ethereum.

Santiment described this as an unexpected high proportion and stated that the more difference in favor of non exchange whales, the better it is.

 

Earlier in July, the top 10 Ethereum whales have accumulated large amounts of ETH. In mid-July they held 20.58 percent of the total ETH supply in their accounts after purchasing 2.12 percent of the ETH supply on the dip.

 

Another well-known on-chain data provider, Glassnode, tweeted that the amount of ETH held inside the Ethereum 2.0 has reached the record maximum of 7,837,922 coin.

Read: Federal Reserve Chairman, Jerome Powell Said Fed Has No Intention To Ban Bitcoin Or Crypto

Based on the etherburned.info website, during the 3rd quarter of the year, an astonishing sum of 409,669 Ethereum were burned.

The fee-burning mechanism of Ethereum was implemented in the EIP-1559 update that was launched on the 5th of August. The upgrade is also called the London Ethereum hard fork.

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Bernnan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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