Ethereum whales, sharks keep buying up ETH as retail cashes out
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Crypto analytics firm Santiment found that Ether whales boosted their ETH holdings by 3.72% while retail investors have been banking profits.
Major Ethereum holders have been scooping up Ether (ETH) over the past month as the cryptocurrency chopped sideways, while retail investors have been cashing out.
Ethereum wallets holding between 1,000 ETH (whales) and 100,000 ETH (sharks) have added a net total of 1.49 million ETH (worth $3.79 billion) over the last 30 days, increasing their collective holdings by 3.72%, Santiment said in a X post on June 13.
“Over the past month alone, these key whale and shark wallets have rapidly added more coins as retail traders have taken profit,” Santiment said.
The group now holds 41.61 million ETH — nearly 27% of the Ether’s current supply, the firm said, citing June 12 data.
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