Santiment, a crypto analysis platform known for its up-to-date data on large-scale transfers by ‘whale’ addresses holding substantial amounts of crypto assets, recently announced that the ten largest off-exchange Ethereum addresses have seen their ETH holdings reach an all-time high.
Latest on Ethereum (ETH)
The crypto market saw a dip at the beginning of the week, triggered by back-to-back lawsuits filed by the SEC against Binance and Coinbase. However, the leading cryptocurrency Bitcoin (BTC) managed to reverse its downward trend and began to rise in the morning hours, recording a loss of over 3% in the past 24 hours and trading around $26,600. According to CoinMarketCap (CMC), the total market value of the crypto ecosystem reached $1.11 trillion. CoinGlass data indicates that, within the last 24 hours, an average of $120 million in short and long positions has been liquidated due to high market volatility.
With the rising trend in the crypto market, Ethereum (ETH) also reversed its course upwards, accelerating its value gains since the morning hours. ETH recorded an average increase of 2.15% in value over the past 24 hours and began trading from $1860 levels.
Santiment Shares Critical Data
Sharing current data and crucial metrics related to large-scale transfers by ‘whale’ addresses holding significant amounts of crypto assets, the crypto analysis platform Santiment drew attention to the rise in the amount of ETH held by off-exchange Ethereum addresses.
According to Santiment’s current data, the amount of ETH held by the ten largest off-exchange Ethereum addresses reached an all-time high of 31.8 million ETH. The value of ETH held by the top ten off-exchange Ethereum addresses is approximately $60 billion at current prices.
