#Ethereum

Ethereum whales are absorbing ETH holdings from private investors.

Private investors seem to be unconvinced by the price development of Ethereum. Whales, on the other hand, are hoping for future growth - and are buying ETH worth billions.

🟢 In the last month, private investors have sold their ETH holdings to whales and wealthy investors. This is evidenced by data from the analysis platform Santiment @.

• According to this, investors holding between 1,000 ETH and 100,000 ETH have purchased around 1.49 million ETH worth 3.8 billion US dollars in the last 30 days.

• Currently, there are around 6,392 such wallets. This group of investors holds 41.61 million ETH, almost 27 percent of the total circulating supply.

• The behavior shows: Despite the manageable returns of recent months, wealthy investors believe in future value appreciation.

• Ethereum is currently priced just above 2,500 US dollars. However, the second-largest cryptocurrency by market capitalization is still 47 percent away from its all-time high.