Recent analytics reveal that the concentration of Ether (ETH) among Ethereum whale wallets has reached unprecedented levels, with these wallets now holding an estimated 57% of the total Ether supply. A recent analysis indicates that there are 104 prominent wallets containing over 100,000 ETH each, collectively valued at approximately $333 billion.
In contrast to the significant accumulation by whale wallets, the number of wallets holding between 10,000 and 100,000 ETH has plummeted to a historic low of 33.46%. Even smaller wallets, those containing less than 100 ETH, are down to a supply ratio of just 9.19%, marking a low not seen in four years. This trend may hint at a bullish sentiment in the market if whale accumulation continues.
The growing dominance of larger holders comes at a time when new Ethereum addresses are being created at an accelerating pace. In December, the daily average for new Ethereum addresses surpassed 130,200, reaching an eight-month peak. The price of Ether also made headlines by reclaiming the $4,000 milestone on December 7, the highest it has been since March. However, the cryptocurrency remains 17% below its all-time high of $4,891, which was recorded in November 2021.
Looking ahead, analysts speculate that Ether might surpass its previous peak by the first quarter of 2025, buoyed by market shifts observed last month. Meanwhile, social sentiment surrounding cryptocurrencies remains strong, particularly for Bitcoin , which recently hit a new all-time high of $107,800. Discussions are focusing on Bitcoin ’s increasing dominance in the market and its influence on alternative coins.
As interest grows in various cryptocurrencies, certain tokens like Vanachains (VANA) are gaining traction due to new exchange listings and token sales, while Moca Networks (MOCA) experienced a price surge following major listings, further fueling discussions among traders.
