Ethereum Whales Add $700 Million in ETH in Two Days
Published in
Dec 9, 2022
- Ethereum investors added $700 million to market capitalization in just 2 days.
- Addresses holding 100 to 1M $ETH now own two-thirds of the market supply.
- Investors accumulated 2.1% more of the $ETH supply to their holding.
While the second largest cryptocurrency by market capitalization, Ethereum recovers from the recent crash caused by Sam Bankman-Fried’s bankrupt crypto exchange FTX; the Ethereum whales and sharks are aggressively investing in $ETH.
The largest investors in Ethereum started to accumulate the cryptocurrency and in just two days, they added $750 million to the market cap. According to data collected from the on-chain analytics firm Santiment, investor addresses holding 100 to $1 million $ETH, grew their portfolio by owning about two-thirds of Ethereum’s current market supply
