Ethereum billionaires do not look like they are stepping on the brakes soon, as their accumulation has continued to soar.
Ethereum’s billionaires seize the crypto tide, accumulating riches amidst price turbulence while smaller wallets recede. Wealth dynamics shift in the crypto realm.holders have been actively accumulating assets, and their wallets have just reached a new all-time high. It is pertinent to note that price movements of ETH have significantly influenced this accumulation trend.whales, those with 1 million or more ETH in their wallets, have increased their ETH holdings.
This suggests a clear correlation between the surge in transaction activity and the accumulation of ETH by billionaire wallet holders.Specifically, when looking at the wallet tiers containing 1,000 to 10,000 ETH and 10,000 to 100,000 ETH, there was a decrease in their supply distribution.As of the most recent data, the wallet tier with 1,000 to 10,000 ETH holdings accounted for approximately 11.19% of the total supply, down from around 11.23%.holdings represented about 20.
These price swings coincided with a noticeable surge in whale transaction volume, as observed on Santiment. At the time of this writing, Ethereum was trading at approximately $1,560, showing a modest price increase of less than 1%.Furthermore, it’s worth noting that the most recent spike in whale transactions, which is the highest recorded in the past four months, aligned with a major price movement that occurred around 1 and 2 October.
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