Drastic Change In Ethereum Whale Holdings After Merge: What It Means?

The Ethereum Merge has not just brought about a change in the blockchain network architecture but also trading behavior. The much anticipated Merge event sparked a debate on reliability of proof of stake in comparison with proof of work consensus. But the price drop following The Merge was contrary to the market expectations in a largely negative environment. The change in Ethereum whale holdings activity throws a clear picture of how the ecosystem reacted to the event.