Author: Stephen Katte, CoinTelegraph; Compiler: Tao Zhu, Golden Finance
According to data from online analysis platform Santiment, the holdings of Ethereum whale wallets have reached an all-time high, accounting for approximately 57% of the total existing Ethereum supply.
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Wallets holding between 100,000 and 100,000 Ethereum are at an all-time low of 33.5%, while wallets holding less than 100 Ethereum have a supply ratio of just 9.19%, reaching its highest level in nearly four years. Lows, all of which could be a long-term bullish sign, especially if whales continue to accumulate.
Source: Santiment
Santiment said: “It should be noted that the second largest market value of ETH is more is increasingly present in DeFi and staking wallets, which generally remains a bullish long-term signal when the currency’s most important primary stakeholders continue to accumulate,” it added. when it is an item already 9 The proportion of tokens held by whales reaches an all-time high when the asset is 20 years old.”
Analysts predict Ethereum will rise as wallet addresses hit an 8-month highAccording to Santiment, last year. In December, the average daily number of new Ethereum addresses exceeded 130,200, an eight-month high.
According to data from CoinMarketCap, the price of Ethereum exceeded the $4,000 mark on December 7 for the first time since March and is currently trading at $4,007.
Compared with the historical high of $4,891 set on November 16, 2021, it is still down 17%.
Some analysts predict that Ethereum prices may break out to new all-time highs in the first quarter of 2025, in part due to the deleveraging of the crypto market last month.
Market Sentiment Points to Bitcoin and AltcoinsIn another article on December 16, Santiment said that Bitcoin hit an all-time high of $107,800 and Ethereum surpassed $4,000, which "triggered More bullish talk,” but its market sentiment tracker shows that Bitcoin, Vanachains (VANA) and Moca Networks (Moca) are the hot topics right now.
Bitcoin is being discussed as a result of Bitcoin’s first all-time high of $100,000 on December 6, and subsequent new highs.
Santiment noted: “The discussion once again focused on Bitcoin’s role in the cryptocurrency market.Market dominance and its impact on altcoins. ”
Discussions are currently underway for VANA’s listing on major exchanges, launch on Binance Launchpool, and escrow trading and token sales.
Meanwhile, according to Santiment , MOCA’s price surged 95% in the past seven days after it was listed on the main Korean exchange, making it a hot topic among traders
Santiment’s social tracker via X and Telegram. Search cryptocurrency-specific social media channels for the top 10 words with the largest increase in mentions compared to the previous two weeks.