15 hour ago
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Ethereum Sharks Add 450,000 ETH Amid Price Recovery
Recent on-chain data indicates that Ethereum has experienced a recovery, driven by significant buying activity from "shark-sized" investors.
Key Points
- Ethereum sharks, defined as wallets holding between 1,000 to 10,000 ETH, have increased their holdings by 450,000 ETH since mid-November.
- This accumulation coincided with a market bottom and contributed to Ethereum's price recovery.
- The total value of the added ETH is approximately $1.4 billion.
- Despite a slight initial decline in December, these large investors continued to increase their supply.
- Network Growth, which tracks newly active addresses, has surged, reaching a peak of 190,000 new addresses.
- An increase in network activity typically supports the sustainability of price rallies by attracting fresh attention.
Current ETH Price
Ethereum is currently priced at around $3,185, marking an increase of over 5% in the past week.
