Whales ETH Reserves Increase by 400K ETH

Reading Time: < 1 minute

Bitcoin and other digital currencies have started the week posting losses. For example, Ethereum has fallen again to its lowest level since November 10.

Last night, the price of the largest crypto by market cap fell to $1,105, and there were risks of a rollback below $1,000.

However, the largest ETH addresses controlling from 100 to 100K coins took advantage of the fall of the leading altcoin.

According to a report released by analytical firm Santiment, in a two-week period, whales have accumulated the largest amount of Ether since July 2021.

Investors started to buy the asset amid the collapse of FTX. The whales’ ETH reserves then rose by about 3.5%.

Follow and like us on