{"id":566726,"date":"2021-05-05T11:18:58","date_gmt":"2021-05-05T08:18:58","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566726"},"modified":"2021-05-05T11:18:58","modified_gmt":"2021-05-05T08:18:58","slug":"eths-top-10-whales-have-doubled-their-holdings-in-the-last-8-months","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/eths-top-10-whales-have-doubled-their-holdings-in-the-last-8-months\/","title":{"rendered":"ETH&#8217;s Top 10 Whales Have Doubled their Holdings in the last 8 Months"},"content":{"rendered":"<ul>\n<li><strong>Ethereum&#8217;s top 10 non-exchange whale addresses have doubled their holdings in the last 8 months<\/strong><\/li>\n<li><strong>At the same time, the ETH holdings of the top 10 exchange whales have halved in 7 months<\/strong><\/li>\n<li><strong>Value locked on DeFi using Ethereum has doubled in the last 3 months<\/strong><\/li>\n<li><strong>All these events and data point towards a continuation of Ethereum&#8217;s bullish momentum<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Ethereum&#8217;s<\/a> top 10 non-exchange whales have doubled their ETH holdings in the last 8 months. At the same time, the holdings of Ethereum&#8217;s top 10 exchange whales, <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-reserves-on-crypto-exchanges-hit-a-2-year-low\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">have halved<\/a> in the last 7 months.<\/p>\n<p>The accumulation and depletion of Ethereum between non-exchange whales and crypto exchanges was captured by the team at Santiment through <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1389617500128677893\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the following statement<\/a> and accompanying chart.<\/p>\n<blockquote><p><span class=\"r-18u37iz\">Ethereum<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> touched yet another <\/span><span class=\"r-18u37iz\">All Time High<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> of $3,524 a few hours ago before dropping on a mild market-wide correction. Top 10 non-exchange whale holdings have doubled in the past 8 months, while the top 10 exchange whales halved in the past 7 months.<\/span><\/p><\/blockquote>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Ethereum-whales-May-5th.jpg\"><img class=\"aligncenter size-full wp-image-566727\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Ethereum-whales-May-5th.jpg\" alt=\"\" width=\"679\" height=\"422\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Ethereum-whales-May-5th.jpg 679w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Ethereum-whales-May-5th-300x186.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Ethereum-whales-May-5th-500x311.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Ethereum-whales-May-5th-240x149.jpg 240w\" sizes=\"(max-width: 679px) 100vw, 679px\" title=\"\"><\/a><\/p>\n<h2>Value Locked in DeFi using Ethereum Doubles in 3 Months<\/h2>\n<p>As mentioned by the team at Santiment, Ethereum has just posted an all-time high of $3,524. The new all-time high can also be attributed to more <a href=\"https:\/\/en.ethereumworldnews.com\/8-2-of-ethereums-circulating-supply-is-locked-in-defi\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">ETH being locked in DeFi<\/a> in addition to whales accumulating.<\/p>\n<p><a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1389306482047569923\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">In an earlier analysis<\/a>, the team at Santiment pointed out that the amount of Ethereum locked in DeFi has doubled in the last 3 months. This observation confirms the mass exodus of ETH out of exchanges and <a href=\"https:\/\/en.ethereumworldnews.com\/m-cuban-defi-on-eth-delivers-financial-instruments-better-than-banks\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">into DeFi<\/a>, as seen through the following chart.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th.jpg\"><img class=\"aligncenter size-large wp-image-566728\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-1024x574.jpg\" alt=\"\" width=\"1024\" height=\"574\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-1024x574.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-300x168.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-770x431.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-1536x860.jpg 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-2048x1147.jpg 2048w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-500x280.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-240x134.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-717x402.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/ETH-locked-in-DeFi-Doubles-May-5th-1347x754.jpg 1347w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<h2>Ethereum is Set to Keep on Growing in Value<\/h2>\n<p>At the time of writing, Ethereum is consolidating at the $3,300 price area after yesterday&#8217;s drop to the $3,085 price area. The dip was the result of US Treasury Secretary, Janet Yellen, <a href=\"https:\/\/www.cnbc.com\/2021\/05\/04\/treasury-secretary-yellen-says-rates-may-have-to-rise-somewhat-to-keep-economy-from-overheating.html\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">commenting that<\/a> interest rates might have to increase to protect the economy from &#8216;overheating&#8217;.<\/p>\n<p>An increase in interest rates by any Central Bank is seen as a way of reducing inflationary pressure by increasing the cost of borrowing and incentivizing saving. Higher interest rates tend to have a ripple effect as consumer spending reduces leading to a slower economy.<\/p>\n<p>However, Ethereum&#8217;s fundamentals continue to show promise as illustrated by whales accumulating and total value locked on DeFi continuing to increase. Therefore, Ethereum&#8217;s price will likely keep rising as ETH2.0 is implemented.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;s top 10 non-exchange whale addresses have doubled their holdings in the last 8 months At the same time, the ETH holdings of the top 10 exchange whales have halved in 7 months Value locked on DeFi using Ethereum has doubled in the last 3 months All these events and data point towards a continuation of Ethereum&#8217;s bullish momentum Ethereum&#8217;s top 10 non-exchange whales have doubled their ETH holdings in the last 8 months. At the same time, the holdings [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":565036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823],"tags":[1322,213,108194,108292],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566726"}],"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=566726"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/565036"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}