Almost all categories of investors are involved in the accumulation of Ether (ETH).
According to Santiment, the whale addresses accumulated over 21% of the total cryptocurrency supply in September. These wallets now control the highest volume of ETH since early May 2017, the researchers emphasized.
The day before, the Santiment team presented new data, from which it follows that the exchange balance of ether has sharply decreased over the year. The share of ETH on trading floors by September 26, 2021, fell to 16.1% of the total altcoin supply. Twelve months ago this figure was 24.1%.
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The outflow continues this week as well. According to ViewBase, another 19,472 ETH, worth about $ 60 million, have left the exchanges in the last 24 hours.
Analysts note that the exit of cryptocurrency from trading floors leads to a weakening of pressure on a particular asset. In the long term, the outflow of ETH will lead to an increase in the value of this altcoin, which is currently trading at $ 3000.
The dominance of the trend for the accumulation of altcoin is also indicated by the data from Glassnode. The number of non-zero Ethereum addresses reached a new high on September 26 (62.778 million).