Ethereum whales account for just 7 percent of transaction activity in the market – but they control a third of the cryptocurrency’s entire circulating supply. That’s according to a new study by Chainanalysis which found that although these whales don’t have a sizeable impact on Ether’s price, their large sell-offs do make the market more volatile on a daily basis.

BING NEWS:
  • Top 104 Ethereum Whales Now Control 57% of All ETH, New High in Whale Dominance
    Ethereum's largest whale wallets now hold 57% of the total Ether (ETH) supply, marking an all-time high for whale dominance.
    12/16/2024 - 8:52 pm | View Link
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