Ethereum Whale Wallet Holdings Hit All-Time High, Signaling Long-Term Bullishness

The amount of Ethereum whale wallets held has reportedly reached an all-time high.
Citing data from the ICO, the report said that Ethereum Whale wallet holdings had reached an all-time high, accounting for 57% of the total Ethereum volume.
According to Santiment, around 130,000 Ethereum wallet addresses were created this month. Some analysts predict that Ethereum could hit an all-time high within the first quarter of 2025.
According to a post by SantimentX (formerly Twitter) on the 16th, 104 whale wallets holding more than 100,000 ETH have a total of
The total supply of Ethereum held by wallets holding between 10 and 100,000 ETH is at an all-time low of 33.46%, while the supply of wallets holding over 100 ETH is at an all-time low of 33.46%.
The supply ratio of wallets holding cryptocurrency also hit a four-year low of 9.19%, which could be a positive signal in the long term, especially if whales continue to buy up.
"Even considering Ethereum's growing share of DeFi and staking wallets, continued buying by major core investors is not enough to justify the general public's decision," Santiment said.
"This is a long-term bullish signal overall," he said, adding that it's "particularly notable that whales are holding volumes at record levels in a nine-year-old asset."
According to Santiment, the average daily number of new Ethereum wallets created hit 130,200 in December, the highest in eight months.