Glassnode: Whales Holding Over 10,000 ETH Accelerate Accumulation
According to Glassnode data, whales holding at least 10,000 ETH are accelerating their accumulation, with the pace even surpassing the levels before the 95% increase in ETH in mid-2022.
As of this Monday, the total amount of ETH held by these whales has rebounded from a historical low of 37.56 million in October 2024 to 41.06 million, an increase of 9.31%. This growth rate is nearly twice that of the period from May to September 2022 (when the ETH price rose from about $1,000 to $1,950).
A similar situation occurred from November 2020 to January 2021, when whale holdings increased by 4%, and the ETH price soared from $460 to $1,220.