Cointime

Cointime

Download App
iOS & Android
Home / Point

Ethereum's Top 10 Addresses Now Control 35% of Total Supply Amidst Market Dip, Says Santiment

Despite the recent price crash of Ethereum (ETH), large players have been accumulating while smaller traders have been trying to offload their supply, leading to a concentration of ETH supply in the top 10 addresses. However, this does not indicate centralization of ETH. On-chain data provider Santiment explains that smaller traders are succumbing to fear, uncertainty, and doubt (FUD) during this market dip.

Additionally, there has been an increase in significant address activity on the Ethereum network, with more wallets holding between 10 and 10,000 ETH and transactions of $100,000 or more experiencing a surge. The current price of ETH is below both the $1,680 mark and the 100-hourly Simple Moving Average, and may initiate a new decline if it is unable to surpass resistance at $1,665.

Ethereum Ethereum $3,368.92
+9.63%
Ethereum
Comments

All Comments

Recommended for you

  • How Crypto Could Help Open-Source AI Reach Its Potential

    The impact of artificial intelligence (AI) is being felt across various sectors, including drug discovery, workforce productivity, and personalized content on streaming platforms like Netflix. Experts predict that the AI industry will grow by 40% annually and reach a trillion-dollar market by 2030, potentially transforming industries on an unprecedented scale. The use of cryptocurrency could play a crucial role in enabling open-source AI to overcome current limitations and reach its full potential.

  • ECB board member Patsalides warns Trump's tariff plan could lead to stagflation in Europe

    Christodoulos Patsalides, a member of the European Central Bank's board, warns that if US President-elect Donald Trump follows through on his threatened trade tariffs, the European economy could ultimately fall into stagflation. "Trade tensions are escalating," said the Cyprus Central Bank governor on Thursday in Nicosia. "If trade restrictions become a reality, the outcome could be inflation, economic recession, or worse, stagflation." He said that although there is room for further lowering of borrowing costs, it should be done "at a stable pace and magnitude."

  • Bankless Co-founder: The market has entered the beginning of the second half of the crypto bull market

    Ryan Sean Adams, co-founder of Bankless, posted on X platform stating that the current market has entered the beginning stage of the second half of the crypto bull market.

  • Elon Musk appointed by Trump to lead advisory board on government efficiency and restructuring

    President-elect Donald Trump has appointed Elon Musk and Ramaswamy to lead an advisory board called the "Department of Government Efficiency." The board aims to reduce government bureaucracy, cut wasteful spending, and restructure federal agencies. Rep. Marjorie Taylor Greene will chair a House subcommittee on "DOGE" to recommend executive actions to reduce waste and provide savings for taxpayers. Musk and Ramaswamy are reportedly creating a smartphone app for Americans to file taxes for free, causing shares of tax filing services H&R Block and Intuit to drop. However, the commission has received criticism from Senator Elizabeth Warren.
  • Cointime精选 ·

    Are we finally ready for a gas limit increase?

    There has been growing discussion around the possibility of increasing Ethereum’s gas throughput, either by raising the gas limit or reducing slot time. The key argument in favor of this is that the hardware requirements for running a validator have steadily decreased over the past four years.
    Are we finally ready for a gas limit increase?

  • Cointime August 17th News Express

    1.VanEck and 21Shares Solana ETF Form 19b-4 Suspected to be Removed from CBOE Website

  • Ethereum network gas fee falls back below 1 gwei

    According to Etherscan data, the current Ethereum network gas fee has fallen below 1 gwei, currently at 0.937 gwei.

  • Cointime August 10th News Express

    1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

  • Ethereum ACDC #139: Pectra's Devnet 2 upgrade is under debugging, and the release date of Devnet 3 is still to be determined

    Christine Kim, Vice President of Galaxy Research, summarized the main content of the 139th ACDC conference call. The debugging of Pectra's upgraded Devnet 2 is currently underway, and the release date of Devnet 3 is yet to be determined. Developers will hold weekly testing update meetings starting from Monday to better coordinate the release of Pectra's Devnet. The decision to include EIP-7688 in Pectra's upgrade has been postponed again.

  • Ethereum network gas fee drops to 1 gwei

    According to Ether­scan data, the current gas fee on the Ethereum network has dropped to 1 gwei.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company