CandleFocus Ethereum (ETH) Whales Quietly Keep Accumulating to Now Control 43% of Supply
2024-09-11
Author: Content Editor
The largest token holders of Ethereum have been consistently accumulating more of the cryptocurrency since 2019 and their dominance has increased further in 2023. These whale addresses now control over 43% of Ethereum's circulating supply, approaching the 48% controlled by retail investors. Despite this, Ethereum has underperformed compared to Bitcoin this year, with a rise of just 1.4% compared to Bitcoin's 33.6% rise. However, a cryptocurrency analyst suggests that Ethereum's performance is tracking similarly to 2016, potentially indicating a surge in the coming months before a drop and then a significant rally in 2025. It should be noted that past performance is not a guarantee of future results in the volatile cryptocurrency market.
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