On-chain data from Santiment shows the Ethereum shark and whale addresses have registered a growth of 5.7% over the past year.

According to data from the on-chain analytics firm Santiment, there are now around 380 more sharks and whales in the market compared to 12 months ago.

The relevant indicator here is the “ETH Supply Distribution,” which tells us about the total amount of Ethereum that each wallet group in the sector is currently holding. Addresses are divided into these “wallet groups” based on the number of coins that they are carrying in their balances right now.

The 10-100 coins cohort, for instance, includes all wallets that are holding between 10 and 100 ETH at the moment. The Supply Distribution metric for this specific group would measure the sum of the individual balances of all addresses on the network that are satisfying this condition.

In the context of the current discussion, the investors of interest are those holding at least 1,000 ETH, meaning that the relevant range here would be 1,000 to infinite coins.

(by Hououin Kyouma)