An ETH Whale just purchased $89 million worth of SHIB which is just short of 4 trillion SHIB and represents over 30% of the portfolio as we are reading more today in our latest altcoin news. Shiba Inu has long been one of the most popular memecoins on the market and has attracted the interest […]
While small-scale investors continue to flood into Ethereum, the supply of ETH that was last active 7 years ago remains unsold. Ethereum Whales Wallets Remain Inactive According to statistics from the Glassnode data aggregator, small-scale investors are actively acquiring Ethereum, the second largest crypto on the market, while 7.6 million ETH that were last active in 2015-2017 remain unsold. The holders of Ethereum supply who last moved their crypto five and seven years ago, i.e. in 2017 and 2015, have achieved a three-month high, according to Glassnode. This supply presently stands at 7,666,690.968 ETH ($21,557,791,247). 📈 #Ethereum $ETH Amount of Supply Last Active 5y-7y just reached a 3-month high of 7,666,690.968 ETH View metric:https://t.co/IEN283QP0E pic.twitter.com/8HecOSXB3G — glassnode alerts (@glassnodealerts) February 28, 2022 Related Reading | New Crypto Security Solution Protects Bitcoin, Other Digital Assets From Theft Small Addresses Continue To Accumulate Despite the fact that the price of Ether (ETH) has risen over 20% from its February 22 low of $2,300, data from derivatives suggests that investors remain wary. Ether’s price has dropped by 24% this year, and critical overhead resistances lie ahead. High network transaction costs have been Ethereum’s most pressing issue, and investors are growing concerned that this will continue to be an issue even after the network’s long-awaited enhancements are implemented. ETH/USD trades at $2.9k. Source: TradingView Smaller investors have been accumulating Ether in increments of 0.01 ETH, 0.1 ETH, 10 ETH, and 32 ETH, according to Glassnode. The number of wallets holding these amounts of Ethereum has reached new highs – 0.01+ coins – 21,929,193 ATH, 0.1+ ETH – 6,960,421 ATH, 10 ETH+ – 280,792 coins – one-year high. 32 ETH+ – 107,876 ETH+ – one-month high. 📈 #Ethereum $ETH Number of Addresses Holding 32+ Coins just reached a 1-month high of 107,876 Previous 1-month high of 107,860 was observed on 23 February 2022 View metric:https://t.co/rkRWanL3OS pic.twitter.com/4KA8lTQ5Vc — glassnode alerts (@glassnodealerts) February 28, 2022 Related Reading | TA: Why Bitcoin Must Close Above $40K For Trend Reversal Featured image from Pixabay, chart from TradingView.com
Ethereum ($ETH) staking yields could double after the network merges with the Proof-of-Stake (PoS) Beacon Chain that is currently running alongside Ethereum’s mainnet, according to estimates from leading cryptocurrency exchange Coinbase In a message sent to clients and shared on social media, Coinbase noted that after the Ethereum’s mainnet merges with the Beacon Chain – […]
Deep-pocketed crypto investors are snapping up Ethereum scaling solution Polygon (MATIC), Loopring (LRC) and two other small-cap altcoins amid the rebound across the digital asset market. New data from WhaleStats shows that Polygon has replaced LINK as the number one traded token among the richest Ethereum holders in the last 24 hours as MATIC enjoys healthy […]
Ethereum, which has managed a return on investment (ROI) of 8700%, has cultivated a lot of dampened market sentiments lately. In fact, following the market’s downfall, Ethereum has lost over 51% of its value since its ATH of $4,878.26 three months ago. A profitable majority And yet, data by IntoTheBlock seems to suggest that 67% […]
The third biggest ETH whale spent $14 million on three altcoins, MANA, SAND, and CQT as we can see in today’s altcoin latest news. The third biggest ETH whale spent $14 million on MANA, SAND, and CQT. According to the data from WhaleStats, a blockchain transaction tracker that follows the richest Ethereum wallet addresses and […]