Huge Crypto Whales Racked Up Over $ 96,000,000,000 From A Large Cap Altcoin: Insights Firm Santiment

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Huge crypto whales are engulfing digital asset as crypto markets move sideways, according to crypto analysis firm Santiment.

Santiment notes on Twitter that the 10 biggest Ethereum no-exchange addresses now hold 24.78 million Ethereum (ETH), a treasure worth more than $ 96.33 billion at the time of writing.

That total is close to the all-time high for the ten largest non-exchange ETH addresses, which held a record high of 26.63 million ETH as of June 2016, according to the crypto analysis firm.

Source: Santiment / Twitter

Santiment also notes that the ten largest Ethereum addresses on the exchanges hold a cumulative total of 3.82 million ETH, which is “the lowest level since the exodus.”

The firm explains that the two measures taken together could be a long-term bullish indicator.

“This implies greater long-term confidence of hodlers and traders in the long-term value of Ethereum, the more this ratio increases.

Good long-term sign, neutral sign in the short term.

Ethereum is trading at $ 3,839.09 at the time of writing, up about 1.5% in the past 24 hours.

Ethereum isn’t the only crypto asset leaving the exchanges: the total supply of Bitcoin (BTC) on the exchanges recently hit its lowest total in 31 months, which Santiment says limits the risk of a sell-off. massive amount of BTC.

Source: Santiment / Twitter

The analyst firm also notes that Ethereum’s competitor Solana (SOL) has “paved the way for development activity among high-level crypto projects.”

“Solana (SOL) has led the way in development activity among high-end crypto projects and topped the equally impressive daily bid rates of Polkadot (DOT) and Cardano (ADA) over the past month. “

Source: Santiment / TwitterCheck Price Action Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check Latest News Headlines Disclaimer: Opinions expressed to Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.

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