Crypto Whales Continue To Buy Ethereum (ETH)
According to data provider CoinMetrics, the number of ETH wallets with 10,000 ETH or more has grown tremendously, approaching 1,250 this year. This is slightly below its all-time high in 2018.According to a U.Today report, Anthony Sassano, the founder of the Daily Gwei ETH platform, shared a CoinMetrics data on Twitter. The chart published by Sassano shows that the number of addresses with more than 10,000 ETH has skyrocketed in 2021, reaching almost 1,250 and approaching the all-time high witnessed by the market in 2018.
Whales are accumulating $ETH
Are you? pic.twitter.com/Iuf4dVqlhX
— Anthony Sassano Ξ ?? (@sassal0x) January 28, 2021
Around the same time last year (Jan 26), wallets with 10,000+ ETH totaled 1,080, according to Glassnode’s data.
Ethereum Identifies 2 New ATHs In A Row
Ethereum investors became much more active in late 2020, following the announcement of the long-awaited update ETH 2.0. Stakers started locking a minimum of 32 ETH into the ETH 2.0 contract, and then Ethereum 2.0 Phase 0 was launched in early December.
Also, the enormous growth of DeFi platforms such as SushiSwap, Uniswap, Compound, and others has attracted Ethereum investors who have begun yield farming on these dApps and expect ETH to experience a massive rise.
The year 2021 started with Ethereum having two consecutive peaks. The second took place on January 25, when it exceeded $ 1,467.
As of the time of publication , Ethereum (ETH), the second largest cryptocurrency in the market, is trading at $ 1,346.
Ethereum Foundation Partners with Reddit
Reddit, the largest social media platform for news gathering and discussion, announced that it has partnered with the Ethereum Foundation to scale and accelerate the blockchain. In the directory / r / ethereum / on the subject, it said:
“Through this partnership, we will increase our commitment to the blockchain, accelerate scaling and resources for the Ethereum ecosystem, and deliver the value and independence of blockchain technology to millions.”