thenewscrypto.com
- Ethereum’s top whales have a constantly accumulating number of ETH.
- Currently, it holds 21.3M ETH, which is roughly $48.6B worth.
- Experts believe by December 2025 it will reach more than $17,800.
Ethereum blockchain’s top whales have constantly accumulated many ETH, even as the price of the Ethereum by market capitalization grew, their holding is now at a five-year high.
Santiment, a blockchain analytics firm, noted the top Ethereum wallet that is not managed by crypto exchange currently holds 21.3 million ETH. This is roughly $48.6 billion, after collecting continuously over the past few months.
Santiment data shows that top cryptocurrency exchange wallets currently hold only 4.66 million ETH. This is roughly $10.7 billion worth. Since the cryptocurrency launch, this was the lowest amount exchanges have been holding.
🐳 #Ethereum‘s top 10 non-exchange whales are adding on to their holdings, as their 21.3M $ETH held this week established a new 5-year high. Meanwhile, top 10 exchange whales recently hit a low of 4.66M $ETH, the lowest since ETH’s 2015 inauguration. https://t.co/EbZkHLvM7A pic.twitter.com/ahYenJcegW
— Santiment (@santimentfeed) July 25, 2021
Bullish Ethereum (ETH) Will Grow Exponentially
At the time of writing Ethereum is trading at $2,292.16. Some interpreters suspect that a little supply held on exchanges could show bullish for the cryptocurrency. As selling pressure is not high and if demand selects the price then it may rise. Because there was not sufficient supply on these platforms.
Even more, the blockchain analytic firm noted that from mid-May Ethereum bulls have begun to show their most positive sentiment. The committee of cryptocurrency experts examined by Finder has announced they believe Ethereum could surpass the flagship cryptocurrency this year and raise over 150% to $4,596. This performance may lead that one ether will be worth $17,810 by 2025.
Furthermore, the analysis comes from the average forecast by 27 experts out of 42 experts Finder surveyed that gave a prediction for the cryptocurrency. Also, experts believe that the price of Ethereum will more than double this year. They expect that by December 2025 it will reach over $17,800 and by December 2030 one ETH will be worth $71,700.