[Analysis] "Ethereum Whales Hold 57.35% of Total Supply... A Long-Term Bullish Signal"

Image=Santiment

Large whale wallets holding over 100,000 Ethereum (ETH) have accumulated the most in history, suggesting a potential long-term bullish trend for Ethereum.

On the 17th (local time), on-chain analysis platform Santiment reported via X (formerly Twitter) that "there are currently 104 whale wallets holding over 100,000 ETH, and their ETH holdings account for 57.35% of the total supply (approximately $333.1 billion)."

In contrast, wallets holding between 100 and 100,000 ETH recorded the lowest ratio in history at 33.46%. Additionally, the share of small wallets holding less than 100 ETH recently hit a four-year low of 9.19%.

Santiment analyzed this by stating, "This shows that large whales are continuously accumulating Ethereum, and the ongoing accumulation by major investors is a long-term bullish signal."