How Are Sharks And Whales Interested In Ethereum? [ETH] These days

  • Ethereum whales collect Ethereum in large quantities
  • Validators are showing interest in Ethereum, despite the decline in revenue

With all interest in the crypto-oriented space Epic FTXAnd the Whale sharks ETH has accumulated under the radar.

Read Ethereum price forecast 2022-2023

Lots of fish in the sea

feelingsRecently a leading crypto analytics company chirp Holding 100 to 100 thousand ETH benefited from the altcoin price drop. In fact, it has accumulated ETH dollars Widely. The platform also revealed that the last time whales accumulated this much ETH, there was a price spike 50% in the lists.

Now, while whales seem to be aggressively piling on Ethereum, it remains to be seen if retail investors will follow suit as well.

However, at the time of writing, active addresses on Ethereum are declining. As can be seen, the number of active addresses has dropped dramatically in recent months. Indeed, according to glass knotThe number of active addresses is at a two-year low of 25,916.

Besides, the number of lost addresses also affected a single address high at all. This indicates that most Ethereum holders will not make a profit if they sell ETH at this time.

Source: Glassnode

Despite research and development and lower prices, Ethereum Validators continue to support Ethereum.

In fact, the number of validators on the Ethereum network has increased by 5.51% in the last 30 days. At the time of writing, there are more than 474,000 validators on the network. These validators continued to show confidence in Ethereum, despite their lower revenues.

according to Betting bonusesrevenue generated from Ethereum Checker is down 5.48% in the last 30 days. It remains to be seen if these validators will continue to exist on the Ethereum network.

Source: Staking Rewards

In addition, the growth of the Ethereum network has seen a sharp rise in recent days. This indicates that the number of new addresses transferring ETH for the first time has increased in recent days.

Beside that, Ethereum Also notice an increase in size. From 5.54 billion on November 20, it increased to 11.27 billion on November 24.

Source: feeling

At the time of writing, ETH is trading at $1,200.14 and the market cap is up 3.09% over the past 24 hours.

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