100 Largest Non-Exchange Ethereum Whales Now Hold All-Time High of $241,635,000,000 in ETH: Santiment

The biggest whales on the Ethereum network currently hold an all-time high of $241.635 billion in ETH, according to the newest on-chain data.

According to crypto analytics firm Santiment, the 100 largest non-exchange Ethereum whales hold a record high of 68.39 million ETH tokens, while exchange wallets have declined.

“The top 100 Ethereum wallets on exchanges recently fell below its May 2018 all-time low, now at 8.41 million total ETH. This is a sign of increasing distribution over time.

Meanwhile, the top 100 non-exchange wallets tell the opposite story, holding an all-time high 68.39 million ETH.”

Source: Santiment/X

At time of writing, Ethereum is trading for $3,566.

Looking at Bitcoin (BTC), the firm says sentiment has become uncertain for the largest crypto asset by market cap. The analytics firm shares a chart suggesting that frequent mentions on social media of “selling” or “taking profit” often coincide with price bottoms or the beginning of rallies.

With BTC still in a downtrend and sentiment relatively low, an opportunity to accumulate the crypto king may be coming into view, according to the firm.

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“The crowd is showing fear after Bitcoin has fallen to $65,000, its lowest market value since May 16th. Spikes in mentions of ‘selling’ or ‘taking profit’ are common after a drop, and a temporary bounce and buy opportunity may form if we see continued FUD (fear uncertainty and doubt) and panic from small traders.”

Source: Santiment/X

At time of writing, BTC is trading for $66,235.

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The post 100 Largest Non-Exchange Ethereum Whales Now Hold All-Time High of $241,635,000,000 in ETH: Santiment appeared first on BitcoinLinux.