According to crypto analytics firm Santiment, the largest non-exchange Ethereum whales have been accumulating the second-largest crypto asset throughout 2021. The top 10 non-exchange Ethereum addresses now hold a record high of 31.8 million ETH, worth over $59.6 billion. Santiment attributes this to the increasing movement of Ethereum into self-custody and DeFi options.

The crypto market experienced a crash on Monday following news of the SEC's lawsuit against Binance, but prices began to recover on Tuesday despite the SEC also suing Coinbase. ETH is currently trading at $1,876 and has seen a 3.5% increase in the past day.