30s Summary
Ethereum whales, or investors holding large quantities, currently control 57% of all Ether in existence, amounting to around $333 billion. This concentration among large holders could signal a potential price increase. Blockchain analytics company Santiment identifies this trend as a positive sign for a crypto asset’s long-term prospects. New Ethereum daily addresses hit an eight-month high of over 130,200 in December, and despite market fluctuations, the price of Ether is expected to surpass its record high within the first months of 2025. Meanwhile, Bitcoin, Vanachains, and Moca Networks are leading crypto discussions.
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Ethereum whales, or owners of large amounts of Ether, are now holding a whopping 57% of all Ether out there, as per blockchain analytics firm Santiment. This means that around 104 wallets, each loaded with more than 100,000 Ether, possess together an eye-popping $333 billion.
While these fat-cat Ether wallets are fattening, those holding between 10 and 100,000 Ether have hit a historic low of 33.46%. And the tiny fry? Well, wallets toting less than 100 Ether have a supply ratio of just 9.19% – the lowest in almost four years. But here’s the interesting bit – this could signal a potential price rise, if these Ether mega-owners keep gathering more coins.
Santiment sees a bullish vibe here. A digital currency’s long-term prospects can brighten when its heaviest stakeholders keep collecting more coins. This is especially true for a mature asset like Ether, a 9-year-old crypto, where the big fishes are now clutching the most coins ever.
Guess what? Analysts are already forecasting a rise in Ether. They’ve noticed that the average number of new Ether addresses per day crossed 130,200 in December. That’s the highest in eight months. Also, Ether’s price zipped past the $4,000 mark on Dec. 7, the first time since March. It’s now at $4,007, though it’s still 17% below its all-time high of $4,891 from Nov. 16, 2021. They reckon Ether could shoot past this record high within the first couple months of 2025, partly due to a downturn in the crypto market last month.
On another note, Santiment posts reveal that Bitcoin is stirring up a buzz with its record-breaking $107,800 high and Ethereum exceeding $4,000. Yet, Bitcoin, Vanachains, and Moca Networks are currently the talk of the town in crypto conversations. Bitcoin is on everyone’s lips as it shattered the $100,000 ceiling for the first time in crypto history, which naturally sparked discussions on Bitcoin’s market dominance and impact on other cryptos. As for Vanachains, people are hyped about its listing on big exchanges and token sales, while Moca Networks is in the limelight after its price ballooned by 95% in one week after appearing on major South Korean exchanges.