Ethereum Whales Boost Holdings by 1.49 Million ETH, Now Control Nearly 27% of Total Supply

According to recent data from the crypto analytics firm Santiment, there are currently 6,392 wallets holding between 1,000 and 100,000 Ethereum tokens. Over the last 30 days, these significant holders, often referred to as Ethereum whales, have notably increased their positions despite retail investors opting to take profits. This cohort has accumulated a net total of 1.49 million ETH, marking a 3.72% growth in their holdings. Presently, these wallets control approximately 26.98% of the total Ethereum supply, underscoring their substantial influence on market dynamics. This trend highlights a strategic accumulation phase by large investors, which could have implications for Ethereum’s liquidity and price stability moving forward.