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Large ETH Addresses Have Redistributed 880,000 ETH This Month

Published 12/29/2022, 04:15 AM
Updated 12/29/2022, 04:30 AM
© Reuters Large ETH Addresses Have Redistributed 880,000 ETH This Month

  • Ethereum’s price movement has been flat over the last 24 hours.

  • ETH whales have redistributed 880,000 ETH since December 2022.

  • The altcoin’s price is resting on a support level at press time.

The largest altcoin by market cap, Ethereum (ETH), has seen flat price movement over the last 24 hours, according to the crypto CoinMarketCap. At press time, the price of ETH is slightly up by 0.02% over the last 24 hours. Nevertheless, the altcoin leader’s price is still down 1.41% over the last 7 days. As a result, ETH is currently changing hands at $1,194.49.

ETH has strengthened against the market leader, Bitcoin (BTC), by 0.28% over the last 24 hours as well. One ETH is worth around 0.07206 BTC at press time.

The Twitter user, Ali (@ali_charts), shared a chart from the blockchain analysis firm Santiment today, which shows how ETH addresses with large holdings have been offloading and redistributing their ETH this month.

According to the tweet, ETH whales holding between 10,000 and 100,000 ETH have “sold or redistributed around 880,000 ETH since December 2022.”

The post Large ETH Addresses Have Redistributed 880,000 ETH This Month appeared first on Coin Edition.

See original on CoinEdition

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