Ethereum Whales Accumulate $1,000,000,000 Worth of ETH in Just One Day: Analytics Firm Santiment

Ethereum Whales Accumulate $1,000,000,000 Worth of ETH in Just One Day: Analytics Firm Santiment


The largest Ethereum (ETH) whale addresses are scooping up ETH at a rapid rate, according to the crypto analytics firm Santiment.

The firm notes that whale addresses holding between $10.9 million to $1.09 billion worth of Ethereum gobbled up $1.03 billion worth of ETH in just one day.

The activity represents the fifth-largest single-day add by the largest group of whales in the past year, according to Santiment.

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Source: Santiment

ETH is trading at $1,163 at time of writing. The second-ranked crypto asset by market cap is up more than 5% in the past 24 hours.

Santiment also notes that Bitcoin’s (BTC) price drop on Monday caused many traders to exit the sector.

“Bitcoin is seeing the lowest level of transactions made while in profit since

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