As reported by Santiment’s recent tweets, the Ethereum holdings of the 10 largest wallets have recently increased while the price continues to fall.
In a recent tweet, Santiment reveals that the biggest ETH whales have taken advantage of the fact that smaller holders are dumping a lot of their ETH. which is affected by the recent crypto market FUD.
This is because retail investors are selling their ETH holdings out of fear of further price declines. But the top 10 largest wallets have chosen to keep more Ethereum, and they now collectively hold over 35% of all ETH currently available on the market.
Renowned crypto analyst Bejamin Cowen expects the ETH price to continue to decline. He believes that the second-largest cryptocurrency will follow the same pattern as the summer of several years ago. which in the past few years During the summer, the price of ETH drops significantly. Then it reversed higher after that.
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