Ethereum Supply Concentration In Top Ten Addresses At 35%
Ami the recent price crash, while the small traders have been trying to offload their supply, their big players have been accumulating. This has led to the ETH supply concentration with the ETH top 10 addresses now controlling 35% of the total supply. However, don’t think of it as the centralization of ETH here. advertisement On-chain data provider Santiment explains: “The top 10 addresses within the Ethereum network now possess more than 35% of the total available supply. While this doesn’t indicate a sudden shift to centralization for the 2 cryptocurrency asset in the crypto space, it does highlight how smaller traders are succumbing to fear, uncertainty, and doubt (FUD) during this market dip”. Courtesy: Santiment Amid the recent price volatility, the ETH whale transactions have also grown over the last three months. Since the beginning of June, more than 1788 10-10K ETH wallets have been added to their bags. Santiment explains: “...