🐋In five months, Ethereum whales increased their holdings by 14%.
The growth of the second-largest cryptocurrency by market capitalization to $4,500 is associated with the accumulation of funds by key players — whales owning between from 1,000 to 100,000 $ETH . Since April 3, large players have increased their reserves by 14%, purchasing 5.54M ETH.
In total, Ethereum whales own 42.5M ETH worth $186.4B — approximately 35% of the circulating supply. At the same time, the supply of Ethereum on exchanges continues to fall rapidly, hitting three-year lows.
Bitmine bought another 14,665 ETH ($65.3M) through Galaxy Digital. Three new wallets acquired 65,662 ETH ($293M) through FalconX. Two new wallets withdrew 34,000 ETH ($151M) from Binance and transferred it to Aave.
According to CryptoQuant, trading platform reserves are currently at 17.26M ETH, compared to 28.8M ETH in September 2022.
Overall, the situation with the asset is excellent, accumulation is underway, and no problems are observed
