Ethereum's 'Billionaire Tier' Accounts For Over 32% Of Its Total Available Supply
Portfolio Pulse from Khyathi Dalal
Ethereum's whale addresses, known as the 'billionaire tier', now hold 32.3% of its total available supply, the highest since 2016. The Ethereum Foundation recently sold 1,700 ETH for USDC 2.76 million. The total number of Ethereum wallets holding some balance has exceeded the 100 million mark. In the past year, ETH prices have increased by 20%.
October 18, 2023 | 8:32 pm
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Ethereum's 'billionaire tier' now holds over 32% of its total supply, the highest since 2016. The Ethereum Foundation recently sold 1,700 ETH. The total number of Ethereum wallets has exceeded 100 million. ETH prices have increased by 20% in the past year.
The increase in Ethereum's 'billionaire tier' holdings and the Ethereum Foundation's recent sale of 1,700 ETH could potentially impact the price of ETH. The increase in the number of Ethereum wallets indicates growing adoption, which could further drive up the price. The 20% increase in ETH prices over the past year also suggests a positive trend.
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