Ethereum Whales Holding More ETH

[Goldleader]

Ethereum Whales Holding More ETH

Using metrics provided by TokenAnalyst, Diar determined that whale Ethereum holdings have been increasing steadily throughout 2018 despite the extended bear market. Holdings of the top 500 whales are equivalent to 20 million ETH, slightly less than 20 percent of the total circulating supply and equaling approximately $2.3 billion.

The whales have increased their relative holdings by 80 percent since the beginning of the year, with speculation that ICO projects are exiting their native token positions as the primary driver. Analysis by both TokenAnalyst and BitMEX Research confirms that many ICOs have exited their positions, with the majority of projects selling as much ETH as they raised in USD.

As the market decline continues and Ethereum’s current price sitting at ~ $110, increasing downward pressure on ICO project runways is likely. Total whale addresses have also dropped by 30 percent since the beginning of the year. Despite this, active whales seem to be consolidating their positions as Q4 is shaping up at a 270 percent increase in net balance growth compared to Q3. An important qualifier is that 90 percent of the total $1 billion in net balance additions of 2018 came in Q1, at the height of the ICO frenzy.

https://driveinsider.com/analyzing-eth-whale-holdings/?fbclid=IwAR3Zns1fPPJtXqzYgukaPCHYwNJQDEnPwy3ONwrGdmsE0oLHZk9LSyFvt_I

[damberg]

It is a logical move by whales, and it can be seen in almost every market - buying strategic asset when price hits (or nears) the bottom. They know that ETH has a bright future and only buy with discount. 

[elite070]

Ethereum Whales Holding More ETH

Using metrics provided by TokenAnalyst, Diar determined that whale Ethereum holdings have been increasing steadily throughout 2018 despite the extended bear market. Holdings of the top 500 whales are equivalent to 20 million ETH, slightly less than 20 percent of the total circulating supply and equaling approximately $2.3 billion.

The whales have increased their relative holdings by 80 percent since the beginning of the year, with speculation that ICO projects are exiting their native token positions as the primary driver. Analysis by both TokenAnalyst and BitMEX Research confirms that many ICOs have exited their positions, with the majority of projects selling as much ETH as they raised in USD.

As the market decline continues and Ethereum’s current price sitting at ~ $110, increasing downward pressure on ICO project runways is likely. Total whale addresses have also dropped by 30 percent since the beginning of the year. Despite this, active whales seem to be consolidating their positions as Q4 is shaping up at a 270 percent increase in net balance growth compared to Q3. An important qualifier is that 90 percent of the total $1 billion in net balance additions of 2018 came in Q1, at the height of the ICO frenzy.

https://driveinsider.com/analyzing-eth-whale-holdings/?fbclid=IwAR3Zns1fPPJtXqzYgukaPCHYwNJQDEnPwy3ONwrGdmsE0oLHZk9LSyFvt_I

It will going to be tremendous if this whales just put their holdings on exchange platforms since it can affect the market too much. But hopefully, more ethereum is in good hands and these whales know something better than us.

[xiaoY]

Yes, all of this is why Ethereum cannot rise significantly. There are still many ICO teams holding a lot of Ethereum, so I am worried about the future of Ethereum. Now its increase is not obvious.

[UAE Seasider]

I would suggest that the whales have been quietly accumulating across all of the quality or established altcoins during the past 2 months. The simple buy low and sell high strategy can only bear fruit if you are purchasing at low prices when others are selling in desperation and loss of vision. Patience is key to making profits in crypto just as with any other investments.

[cudora]

I have also read that the whales are buying more and more Ethereum and that their supplies have increased by 80 percent science the beginning of this year. This is a great sign for the upcoming bullish market.

[Dpat]

The percentage of holding is more than enough by the Ethereum Whales so they must drive the price in the long run because while the bear market is growing they have increased their percentage day by day. In the time of bull they have the right to drive the price as they want.

[disconnectme]

I don't know why some people are surprised about this, what whales does is to shake people out of their positions, those I pity most are the ICO developers that sell in panic of the market crash which helps to trigger the slump the price. They have incentive to do this because Ethereum is moving towards POS and this is a Mathew effect in play again

[Red-Apple]

majority of the big addresses belong to exchanges and these addresses are obviously gaining a lot of balance because during this year a large number of people who were bag holding their ETH have been transferring them to exchanges to dump and most of them only sell. the big traders who are playing the market don't cash out ETH, they get fiat or bitcoin out. so the remaining ETH on exchanges is growing.

[fudster]

They know eth will have a lot of value in the future because of the adoption that's coming. The reason why its being dumps so much is because they made it look like its shit so they can buy more. If you wanted to buy more, you would have spread rumors of it being a shitcoin and won't recover its value. Strategies are working.

[bolshojkush]

In the near future there will be Ethereum POS mining. Perhaps the whales are preparing for this event, buying Ethereum?

[kentrolla]

Yes that's a tricky side of the market, big whales are those who create FUD's in this forum as they want to take advantage of this downfall. Yes a lot of prediction are coming across the future of ETH few say it will dominate its position as king of alts, Yes some scam ICO's caused the disaster and damaged the position of ETH. One thing for sure that this project has a wonderful future ahead.

[Screamshot]

Well let me correct you the market price is no longer km a decline there have been some increase in the price and it's still going up at moment

[LeetPoolsOP]

This is an indication that the Ethereum will show new ATH. but it is still not clear when this will happen. Recently, whales began to move a large number of ETH to the exchanges. possible for a new drain

[cryptofunn]

etherium is still the only platform for smart contracts with such popular usage. Therefore, despite the fact that its price falls, it is still undervalued. And the second life will come with the release of STO

[acheampong64]

Yeah but most of the whale wallets are those of exchanges and large crypto institutions so it ever increases- imagine the fees they take everyday.

Nevertheless, i think even if they're retail whales it still makes sense. Ideally whales understand the space more than any other and so they have strategies for accumulating more...

[Deagle21]

This is another proof that everything will be fine with Ethereum. And it is obvious that you do not need to think about the fact that stellar or neo or someone else will win the ETH

[Omela44]

That is good news for ethereum. I think the big investors are preparing for the pos time, after the fork. The low price is of course ideal for that.

[Kang TB]

In the near future there will be Ethereum POS mining. Perhaps the whales are preparing for this event, buying Ethereum?

yes, and when The POS system getting started on ethereum,, the price of ethereum could surpass the past high price my friend
i think now is the best time to collect more ethereum,, 

[cryptomaster420]

I don't think this should necessarily be considered THAT bullish.
They wouldn't be whales in the first place if they didn't believe in the project. And since they do - it makes sense to want to buy coins at a discount.
Good news is that none of them got discouraged. But if you take a look at rich lists, the same is true of other coins such as Bitcoin, Bitcoin Cash and DASH.
Only Litecoiners with huge wallets seem to be more eager to sell than buy. The rest look pretty optimistic.