- Ethereum whales are accumulating significant amounts of ETH
- Even though revenue has declined, validators still show interest in Ethereum.
All the attention in crypto-space is directed at the FTX saga, Sharks and whales You have been accumulating ETH without realizing it.
Read Ethereum’s Price Prediction 2022-2023
There are many fish in the ocean
SantimentRecently, a prominent crypto-analytics company, was acquired by. tweeted that addresses holding 100 to 100k ETH were capitalizing on the altcoin’s price drop. They have actually been building up. $ETH massively. It also revealed that when whales last accumulated so many ETH, there was a price spike of 50% Check out the charts.
Although whales appear to be aggressively accumulating Ethereum, it remains to see if retail investors will be following suit.
At the time of writing however, Ethereum’s active addresses were in decline. As you can see the number of active addresses has dropped dramatically in the past few months. According to GlassnodeThe number of active addresses reached a 2-year low at 25,916
The number of addresses affected by loss was also at an all-time high all-time high. This showed that most Ethereum holders wouldn’t make a profit if their ETH were to be sold at this time.
Despite the price drop and FUD, Ethereum Ethereum has been supported by validators for years.
In fact, over the last 30 day, the number validators on Ethereum increased by 5.51%. As of the writing of this article, the network had more than 474,000 validators. These validators continue to believe in Ethereum, despite declining revenue.
According to Staking RewardsThe revenue generated by Ethereum In the last 30 days, validators have dropped by 5.48%. It is not yet clear if these validators would continue to be part of the Ethereum network.
Moreover, Ethereum’s network growth witnessed a spike over the last few days. This indicated that there had been an increase in the number new addresses who transferred ETH to their first time in the last few days.
These are just a few of the other things you will find. Ethereum Also, its volume increased. The volume of the company grew from 5.54 billion in November to 11.27 miliarde on November 24.
ETH traded at $1200.14 as of the writing date. Its market cap has increased by 3.09% over the past 24 hours.