68% of All Ethereum Supply is Held by ETC Whales

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Bitcoin is widely talked about these days, but there’s another cryptocurrency that too has been drawing attention lately with its impressive rally – Ethereum. Because of its rising price and rising popularity, it seems that the Ethereum whales are also increasing in number. The ETC whales have not been this numerous since November 2017, according to the crypto analysis company Santiment. According to its report, almost 68% of the entire Ethereum supply is held in addresses that hold no less than 10,000 units of the cryptocurrency.
The report shows that institutional investors and buyers play a major role in that spike of whale addresses. Apparently, Amazon is adapting Ethereum for its blockchain service.
What is more, the blockchain tracker Whale Alerts announced that recently there was a transaction worth some 110 million USD or 68,000 WTC coins. The sum was moved to anonymous wallet.
And then there is Grayscale’s recent 240 million USD-worth purchase of Ethereum. They hold a total of 3.17 million ETC, which is about 5.5 billion USD worth of Ethereum.
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Ethereum’s rise in popularity and value has been almost as impressive as Bitcoin’s, I think.


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