According to Glassnode statistics, whales, sharks, and even shrimps have been aggressively collecting Ethereum (ETH).
If last week was a mixed bag of flatness for the major currencies, this week saw the first significant indications of recovery following the disaster of FTX’s bankruptcy.
Since the FTX crash, Ethereum whales and sharks have been amassing Ether at an unprecedented rate. According to the market intelligence platform, wallets holding more than 100 ETH have reached a 20-month high.
Glassnode data also shows a number that also shows the total value in the ETH 2.0 Deposit Contract reached an ATH of 15,522,231 ETH.
At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ETH.
Ethereum can be used by anyone to create any secured digital technology. It has a token designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.
Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the blockchain of choice for developers and enterprises creating technology based upon it to change how many industries operate and how we go about our daily lives.
Although it has been more than a month since the upgrade process of The Merge was completed, Ether does not seem to have benefited much from this process. Before that, ETH rose quite impressively up to the $1,700 zone. At the time of writing, ETH is trading at $1257.
At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ETH.
Ethereum can be used by anyone to create any secured digital technology. It has a token designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.
Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the blockchain of choice for developers and enterprises creating technology based upon it to change how many industries operate and how we go about our daily lives.
Ethereum, like other cryptocurrencies, involves blockchain technology. Imagine a very long chain of blocks. All of the information contained in each block is added to every newly-created block with new data. Throughout the network, an identical copy of the blockchain is distributed.
This blockchain is validated by a network of automated programs that reach a consensus on the validity of transaction information. No changes can be made to the blockchain unless the network reaches a consensus. This makes it very secure.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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