Crypto analytics platform Santiment says sharks have accumulated a whopping $6.13 billion worth of Ethereum (ETH) in the past year.
However, the market intelligence firm says that whales have dumped a lot of their ETH holdings during the same time period.
ETH sharks picked up 3.61 million ETH coins in the past year, but whales unloaded more than double that amount, per Santiment.
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“Ethereum’s large addresses have shifted their supply held substantially. Addresses holding 10-10,000 ETH have collectively added 3.61 million coins in the past year. Meanwhile, addresses with 10,000-10,000,000 ETH have collectively dumped 9.43 million in the same timeframe.”
Ethereum is trading for $1,699 at time of writing.
Santiment also says that crypto discussions are dominated by the banking crisis, including how Credit Suisse
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