Recently released data shows that the ETH balance of the top 10 Ethereum addresses is roughly close to a 5-year high
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Saniment The on-chain data aggregator tweeted that since last year, the ten largest Ethereum wallets have increased their ETH balance, bringing it to a total of 23.7% of the second-largest cryptocurrency currently in circulation.
The increase in the ETH balance constitutes 4.3% compared to March 2021. The currently held amount of 23.7% of the total Ether supply is roughly close to the 5-year high level that these wallets have reached in January of this year.
🐳 #Ethereumtop 10 #whale addresses hold 4.3% more of the total supply than a year ago today. The 23.7% of all $ETH held by these portfolios remain very close to the 5-year highs they first broke at the end of January. 👀 https://t.co/WawvxhPUiC pic.twitter.com/DtuNaxiwy6
— Santiment (@santimentfeed) March 26, 2022
According to Glassnode, whales recently withdrew $1.4 billion worth of Ethereum from multiple crypto exchanges, compared to $739.7 million in ETH inflows. Thus, the net flow of Ether to exchanges now stands at -$628.1 million.
📊 Daily on-chain swap stream#Bitcoins $BTC
➡️ $1.3 billion in
⬅️ $1.3 billion release
📉 Net flow: -$38.2M#Ethereum $ETH
➡️ $739.7 million in
⬅️ $1.4 billion release
📉 Net flow: -628.1 M$#Attached (ERC20) $USDT
➡️ $1.2 billion in
⬅️ $1.2 billion release
📈 Net flow: +$2.5Mhttps://t.co/dk2HbGwhVw
— glassnode alerts (@glassnodealerts) March 25, 2022