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Ethereum Whales Stockpile Over $6 Billion in $ETH While Whales Keep Dumping, Data Shows

Data from cryptocurrency analytics platform Santiment has revealed that so-called ‘Shark’ addresses on the Ethereum blockchain have over the past year stockpiled over $6.2 billion worth of the second-largest digital currency by market capitalization.

Meanwhile, however, while ETH sharks have been accumulating heavily, whales on the network have “collectively dumped 9.43 million in the same timeframe.” These whales are defined as addresses hoolding between 10,000 and 10 million ETH, meaning from $17.5 million to $17.5 billion worth of the cryptocurrency.

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