Santiment: more than 50% of Ethereum volume is concentrated on 104 crypto wallets

Analytical company Santiment reported that the 104 largest crypto wallets owned by «whales» currently control 57% of the total Ethereum volume ETH $3,834.58 Bridged Ether (StarkGate) -4.46% Market capitalization $0.34 billion VOL. 24 hours $1.9 billion . This indicates an increase in the concentration of the asset among large investors, which many analysts see as a positive signal for further growth in the ETH price.

Such large accumulations indicate the increased interest of institutional investors and the continued bullishness in the Ethereum market. Confidence in ETH is growing amid the active use of the network for decentralized applications (dApps), the stable development of Layer-2 scaling solutions, and the growing role of Ethereum in decentralized finance (DeFi).

Santiment analysts also note that the accumulation of ETH by large players often precedes new price spikes, as such investors are usually focused on long-term prospects. This could mean that Ethereum is on the verge of new growth, given the overall positive sentiment in the cryptocurrency market.

Amid the increased interest in the cryptocurrency market and stable demand for Ethereum, experts predict further strengthening of its position, which could lead to new historical highs in the coming months.