Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Ethereum Whales Now Hold 57% of Supply – Will This Affect ETH?
ALTCOIN NEWS

Ethereum Whales Now Hold 57% of Supply – Will This Affect ETH?

By Crypto FlexsDecember 17, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Whales Now Hold 57% of Supply – Will This Affect ETH?
Share
Facebook Twitter LinkedIn Pinterest Email

avatar

contributor

Posted on: December 17, 2024

  • Ethereum’s whale dominance indicates strong bullish sentiment and potential price appreciation.
  • Concentrated holdings have raised concerns about liquidity risk and potential market corrections.

Ethereum (ETH) whales are increasingly dominating the network, with 104 wallets currently holding over 100,000 ETH, accounting for over 57% of the total supply.

This significant change in Ethereum deployment raises important questions about its future, especially with regard to market governance and price fluctuations. As these whales continue to accumulate, their growing dominance signals strong optimism.

But with such concentrated holdings, what impact could this have on Ethereum’s future price trajectory?

Whale Accumulation and Long-Term Holders: Bullish Signal or Bear Trap?

Ethereum’s whale accumulation has strengthened with a notable price rebound, reflected in increased whale trading volumes exceeding $100,000 and $1 million.

These large investors, often classified as long-term holders (LTHs), act as a stabilizing force during volatile cycles, reducing supply shocks when sentiment turns bearish.

The strategy of accumulating during the selloff and holding through uncertainty is consistent with Ethereum’s price upward trajectory in late 2024.

Source: Santiment

But this focus raises important questions. Is this a bullish signal or a bear trap? The increasing dominance of whales suggests continued confidence and bullish momentum, while also magnifying downside risks.

A concerted selling or exhausting buying pressure could trigger a sharp reversal, highlighting the fragile balance between accumulation-driven optimism and a potential liquidity-driven correction.

historic whale activity

Ethereum’s historical data shows a strong correlation between whale activity and price movements. Spikes in whale trading, especially those worth $1 million or more, often precede sharp price increases or corrections. In particular, the surge in late 2020 and early 2021 coincided with a monumental bull market for ETH. This is because whales have been strategically accumulated ahead of retail influx. Likewise, periods of increased whale activity during market consolidation, such as mid-2022, represent a build-up phase where prices stabilize.

ether whaleether whale

Source: Santiment

As seen in ETH’s decline in 2022, whale-driven highs have sometimes signaled sell-offs.

These dual impacts highlight the importance of monitoring whale behavior. While accumulation often drives price increases, excessive concentration can lead to volatility if whales decide to offload their holdings, testing the liquidity resilience of the market.


Read Ethereum (ETH) Price Prediction for 2024-25


What’s next for ETH?

Ethereum’s whale-led rally pushed the price above $4,000 as strong buying volume reinforced bullish sentiment.

The RSI is at 64.61, meaning ETH remains below the overbought area, suggesting further upside potential. OBV continues to rise, a clear sign that demand is driving the upward trend.

Source: TradingView

If whale accumulation continues, Ethereum could target the $4,500-$5,000 range as its next target. However, concentration of holdings is still a double-edged sword.

While continued accumulation fuels optimism, history warns of a sharp correction when whales sell large positions, testing liquidity and retail confidence. The coming weeks will reveal whether this rally will solidify or face a reversal.

Next: Will Ripple’s RLUSD Launch Be Necessary for XRP to Reach $3?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Most Popular

Cryptocurrency Impact on Online Casinos

December 27, 2023

Discover the secret to doubling your cash with BitCredit! – DeFi information

February 12, 2024

Peter Brandt raises Bitcoin price forecast to $200,000.

February 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.