It seems Ethereum whales are having a good time gathering more Ethereum amidst global uncertainty.
Data from Santiment Research Company showed that Ethereum whale addresses have just touched a 10-month high. This is with the cumulative holdings of the top 100 non-exchange wallets that now own over 21,800,000 #Ethereum (About $4.5 billion at current price).
“In the last two days alone, these top whale addresses have added an additional 145,000 Ethereum (about $30,300,000) as the price of Ethereum grew by a bit over 4% in this timeframe,”Santiment Research Company added.
2/ 100 addresses since May, 2019.
In the last two days alone, these top $ETH whale addresses have added an additional 145,000 $ETH (about $30,300,000) as the price of #Ethereum grew by a bit over 4% in this timeframe. pic.twitter.com/XGERW53POB
— Santiment (@santimentfeed) May 28, 2020
In addition, data obtained from Coinmarketcap, showed Ethereum is the second most valuable cryptocurrency with a market capitalization of $24.6 billion, trading at $221.61 up 7%, at the time this report.
What are Ethereum whales? In the Ethereum world, traders or investors who own a large number of Ethereum are typically called whales. This means an Ethereum whale would be a single Ethereum address owning around 1,000 Ethereum or more.
Things you need to know about Ethereum
Ethereum is a cryptocurrency designed for decentralized applications and deployment of smart contracts, which are created and operated without any fraud, interruption, control or interference from a third party.
Ethereum is a decentralized system, fully independent, and is not under anybody’s authority. It has no pivotal point, and its platform is connected to thousands of its users through their computing system around the world, which means it’s almost impossible for Ethereum to go offline.