Due to the growth of the cryptocurrency, the largest owner of Ethereum earned $ 1 billion in a month

The owner of the largest cryptocurrency wallet on the Ethereum network has earned almost $ 1 billion over the past 30 days, all thanks to the growth in the value of digital assets.

The balance of the Ethereum whale known as Naruto has increased by 50%: as of July 15, Naruto’s fortune amounted to $ 1.98 billion, and today it is about $ 2.96 billion. The largest holder of an Ethereum cryptocurrency wallet is a LTH — Long-Term Hodler (a long-term investor who owns a digital asset for at least 6 months). It is LTHs that usually create strong support for the bitcoin market bottom.

Long-term hodlers usually invest in cryptocurrencies during market downturns, expecting to make a profit in the long run. This is exactly what happened in the case of Naruto, when Ethereum rose to $ 2000. At the time of writing, ETH is trading at $ 1882.

Yesterday it became known that the 100 largest crypto whales in the Ethereum network have purchased $ 24 million worth of Shiba Inu (SHIB) tokens over the past 24 hours (from August 14 to 15). According to WhaleStats representatives on Twitter, the top 5000 Ethereum whales own SHIB cryptocurrency with a total value of $ 178,686,986.