Recent tweets from on-chain data analytics platform Santiment show that holding Ethereum of the top 10 biggest bookmakers has recently increased. They have now swept over 1/3 of all Ethereum into their hands.
Top 10 big bookies hold 1/3 of all ETH in the market.
In a recent tweet, Santiment reveals that the biggest ETH lenders have taken advantage of smaller holders as a result of the latest FUD news and that they have sold off a lot of their ETH tokens.
So, as retail investors sold off their ETH in fear of a further drop in the coin price, the top 10 largest lenders scooped up more Ethereum and they now hold 35% of the total Ethereum. All ETH available in circulation
Activity on Ethereum wallets has increased.
In a previous tweet, Santiment spread the word about the skyrocketing network activity on the Ethereum chain as a result of the rapid increase in the number of wallets holding ETH. A short period of time that indicates high volatility in price conditions.
According to Santiment’s tweet, the number of addresses holding Ethereum from 10-10,000 ETH jumped to 335,000, showing that weekly transactions on the network amounted to over $100,000.
source : U.Today
2023-08-27 11:00:43
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