Ethereum

Channels

Ethereum 2.0

Read

<div class="coingape"> 
 <h2 id="strong-the-ethereum-whale-growth-strong"><strong>The Ethereum Whale Growth</strong></h2> 
 <p><span style="font-weight: 400">Specifically, Santiment noted that the number of whales holding between 10 and 10,000 ETH has experienced a resurgence, climbing back up to a count of 355,000.&nbsp;</span></p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <p><span style="font-weight: 400">This increase in the number of whales suggests that there has been a renewed interest among larger holders of Ethereum, potentially indicating their confidence in the asset even in the face of price fluctuations.</span></p> 
 <p><span style="font-weight: 400">Additionally, the update points out that transactions involving sums of $100,000 and above have also witnessed a surge. This uptick in high-value transactions indicates that despite the volatile price conditions, there are entities willing to transact substantial amounts of Ethereum, a trend that is vital in sustaining the positive network outlook.&nbsp;</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">🐳 #Ethereum's network has picked up in large address activity during this drop below $1,650 and its highly volatile price conditions. The amount of wallets holding between 10 and 10,000 $ETH has risen back up to 355K, and $100K+ transactions have surged. https://t.co/X137U93ZYu pic.twitter.com/J9lyMoeBmf</p>  
  <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
   <div class="NewTrendin dsdsd m-on"> 
    <h5> 
     <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
     </svg>Recommended Articles </h5> 
    <div class="TrendSList owl-carousel owl-relatedpostar"> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/22/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/22/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/24/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/24/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/22/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/22/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/24/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/24/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/25/48cfebc8a0493db9937bed5dd005ee19.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/25/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
     </div> 
    </div> 
   </div> 
  </div> 
  <p>— Santiment (@santimentfeed) August 24, 2023</p> 
 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400">It is worth noting that Ethereum whales, entities holding significant amounts of the cryptocurrency, have always played a crucial role in shaping the market dynamics. These large holders can exert influence over prices through their trading decisions, impacting both short-term volatility and long-term trends.&nbsp;</span></p> 
 <p><span style="font-weight: 400">This pattern suggests that despite the price turbulence, these well-capitalized players are finding opportunities in Ethereum’s market. Such activity could be interpreted as a sign of institutional interest or strategic maneuvering by experienced market participants who see potential value in the asset at its current price level.</span></p> 
 <h2 id="strong-implications-for-the-future-strong"><strong>Implications for the Future</strong></h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><span style="font-weight: 400">The surge in Ethereum whale counts raises intriguing questions about the cryptocurrency’s future trajectory.&nbsp;</span></p> 
 <p><span style="font-weight: 400">While the immediate implication is a potential increase in market stability due to the presence of strong-handed investors, it also underscores the evolving dynamics within the crypto space.&nbsp;</span></p> 
 <p><span style="font-weight: 400">As Ethereum continues to develop its ecosystem with upgrades like Ethereum 2.0 and Decentralized Finance </span><span style="font-weight: 400">(DeFi)</span><span style="font-weight: 400"> innovations, the role of these whales could have far-reaching implications on price discovery, network governance, and adoption.</span></p> 
 <p>At the time of writing, Ethereum is changing hands at a price of $1,649, down by 2.19% in the past 24 hours.</p> 
</div>

Ethereum (ETH) Whale Count Grows After Market Rout: Santiment

Table of Contents

TheBitTimes

Other articles published on Aug 24, 2023

TradeWeb Markets (TW Stock) Gaining Momentum Heading Toward $100

Hedera, THORChain, and InQubeta demand spikes despite shaky market conditions

Coinbase to delist six altcoins, including OOKI and VGX

Dogecoin Price Forecast: Is DOGE Ready For a Bigger Jump?

Crypto Exchange Comes Up with Dubious Stablecoin to Refund Clients

Bitcoin gains traction in West Africa with educational drive

Join our free newsletter for daily crypto updates!