As the Ethereum value rises above $ 1500, the number of whales is also increasing.
After several months of gradual decline, the number of Ethereum wallets containing 1,000 to 100,000 ETH has been on the rise. The number of smaller ETH addresses is also increasing as Merge approaches.
According to Santiment data, the number of wallets holding between 1000 and 100,000 ETH has seen a sharp increase in the last few weeks after hitting the bottom in May.
By Sunday, 131 new whales had appeared, bringing the total number to over 6,666.
🐳 #Ethereum has recovered quite well in July, up +29% for the month and +14% alone in the past 24 hours. Additionally, there's an increase in the key 1k to 100k $ETH address tier since early May where 131 new whale addresses have popped up on the network. https://t.co/uGfRQ4dEls pic.twitter.com/ri8MhGIP0o
— Santiment (@santimentfeed) July 17, 2022
Whale addresses increased, as did the number of smaller addresses. The number of wallets holding at least one ETH has risen to over 1.5 million, raising a new level of ATH. The number of wallets holding 100 or more ETH has hit 45,000, the highest level in the last 15 months.
https://twitter.com/glassnodealerts/status/15489444864757348097
Merge can be cited as the reason for the increased interest of investors in Ethereum. Ethereum’s transition from PoW to PoS is eagerly awaited in the crypto industry.
The network is slowly getting ready to make this leap. The launch of the 9th shadow fork last week was another step in that direction.
Ethereum is trading at $1,465 at the time of writing, according to CoinMarketCap data.
