{"id":563715,"date":"2020-09-09T19:37:14","date_gmt":"2020-09-09T16:37:14","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=563715"},"modified":"2020-09-09T19:46:00","modified_gmt":"2020-09-09T16:46:00","slug":"ethereum-whales-grew-their-bags-from-3-16m-to-5-8m-eth-in-one-month","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-whales-grew-their-bags-from-3-16m-to-5-8m-eth-in-one-month\/","title":{"rendered":"Ethereum Whales Grew their Bags from 3.16M to 5.8M ETH in One Month"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Ethereum whales seem unfazed by ETH&#8217;s recent drop in the crypto markets<\/strong><\/li>\n<li><strong>They have increased their holdings from 3.16 million to 5.8 million ETH in the past month<\/strong><\/li>\n<li><strong>Early September saw 68 new Ethereum whales joining the network with each holding 1k to 10k in ETH<\/strong><\/li>\n<\/ul>\n<p>Ethereum whales have continued to accumulate ETH despite the digital asset experiencing a massive pullback from $490 to a local bottom of $308 on the 5th of September. According to the team at Santiment Feed, <a href=\"https:\/\/en.ethereumworldnews.com\/whales-moved-700000-eth-before-ethereum-broke-250\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum whales<\/a> are confident regarding the future of ETH and they have increased their Ethereum holdings by 84% in the past month. In the mentioned time period, they have increased their bags from 3.16 million ETH to 5.80 million ETH.<\/p>\n<p>The team at Santiment shared this observation via the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 To clear any doubt that top <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETH<\/a> whale holders are confident in <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#crypto<\/a>&#39;s #2 market cap coin, our data indicates the top <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Ethereum<\/a> non-exchange whale increased its holdings by +84% this past month. Their bag jumped from 3.16m to 5.80m in this time span! <a href=\"https:\/\/t.co\/UIHcZtt4Fy\" rel=\"nofollow\">https:\/\/t.co\/UIHcZtt4Fy<\/a> <a href=\"https:\/\/t.co\/kgJjwuP2qP\" rel=\"nofollow\">pic.twitter.com\/kgJjwuP2qP<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1303406417290780673?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 8, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>As ETH&#8217;s Price Was Falling, 68 New Ethereum Whales Joined the Network<\/h2>\n<p>The team at Santiment went further and highlighted that when Ethereum&#8217;s price was falling last week, 68 new <a href=\"https:\/\/en.ethereumworldnews.com\/selling-by-ethereum-whales-linked-to-eths-drop-below-200\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum whales<\/a> joined the network. The said whales now hold between 1,000 ETH to 10,000 ETH. This feat was first observed by Ali Martinez (@satoshilatino) with the team at Santiment chiming in as can be seen in the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u2018<a href=\"https:\/\/twitter.com\/santimentfeed?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@santimentfeed<\/a>\u2018s holder distribution chart shows that as <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Ethereum<\/a> was falling, there was a spike in the number of addresses with millions of dollars in <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#ETH<\/a>, colloquially known as whales.<\/p>\n<p>Roughly 68 new whales holding 1K to 10K <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETH<\/a> have joined the network in the past 3 days. <a href=\"https:\/\/t.co\/HucYyMPQ2p\" rel=\"nofollow\">pic.twitter.com\/HucYyMPQ2p<\/a><\/p>\n<p>&mdash; Ali Martinez (@satoshilatino) <a href=\"https:\/\/twitter.com\/satoshilatino\/status\/1302644384102592515?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 6, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Why Whales Continue to Accumulate Ethereum (ETH)<\/h2>\n<p>As has been noted on numerous occasions, the Ethereum network is still the choice platform for <a href=\"https:\/\/en.ethereumworldnews.com\/everyone-wants-to-connect-to-ethereum-eth-weiss\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dapp developers<\/a>. Evidence of this can be seen through the massive increment of DeFi platforms and Decentralized Exchange despite the Ethereum network sometimes experiencing <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-sidesteps-fud-regarding-ether-fees-breaks-400-price-ceiling\/\" target=\"_blank\" rel=\"noopener noreferrer\">the highest transaction fees<\/a> in the entire crypto-verse.<\/p>\n<p>Additionally, investors are very much confident that ETH2.0 will be launched this year despite the constant delays in the past. ETH2.0 will usher in a new era of staking on the Ethereum network. The idea of locking up your ETH for staking rewards combined with the probability of ETH&#8217;s value continuing to rise with time makes the idea of accumulating Ethereum right now very ideal.<\/p>\n<p>Further checking the charts, Ethereum seems to have found solid support above $300. At the time of writing, Ethereum is once again attempting to break the $350 resistance level and possibly $365 in the days to follow. If these two levels are broken, Ethereum could retest values above $400.<\/p>\n<p>However, Ethereum&#8217;s weekly chart points at exhaustion and ETH could be destined for a drop <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-eth-could-lose-50-in-the-next-12-months-crypto-analyst\/\" target=\"_blank\" rel=\"noopener noreferrer\">to around $290<\/a> before the year is over.<\/p>\n<p>As with all analyses of Ethereum, traders and investors are advised to use stop losses and low leverage when trading ETH on the various derivatives platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Ethereum whales seem unfazed by ETH&#8217;s recent drop in the crypto markets They have increased their holdings from 3.16 million to 5.8 million ETH in the past month Early September saw 68 new Ethereum whales joining the network with each holding 1k to 10k in ETH Ethereum whales have continued to accumulate ETH despite the digital asset experiencing a massive pullback from $490 to a local bottom of $308 on the 5th of September. According to the team [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":562360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823,108120],"tags":[7092,1322,213,5016],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563715"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=563715"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/562360"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=563715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=563715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=563715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}