Ethereum Whales Has Not Ceased Accumulating ETH Despite The General Crypto Market Condition.

The Ethereum whales have not rested on accumulating Ethereum, the second-largest cryptocurrency in the world and the leading smart contract platform as revealed by the blockchain analytics firm.

According to the Santiment, addresses with a balance ranging from 100 and 100,000 ETH has been amassing since June 7th despite the significant price condition of Ethereum and the crypto at large.

Source: Santiment/Twitter

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“Ethereum shark and whale addresses (holding between 100 to 100,000 ETH) have collectively added 1.1% more of the coin’s supply to their bags on this -39% dip. Historical evidence points to this tier group having alpha on future price movement.”

As stated by the blockchain explorer Etherscan, the current supply of ETH calms at  119,516,810.

As reported by cryptolifedigital yesterday, the staking acts of El Salvador and MicroStrategy are on the high as Bitcoin, the largest cryptocurrency in the world, dipped once again by falling from $21,000 to $19,000 in just some hours. This was an opportunity for both El Salvador and MicroStrategy to buy Bitcoin at cheaper prices. 

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Gray Glacier Upgrade

Gray Glacier has been successfully launched on the Ethereum network. These successful network upgrades further revealed the adoption of the Ethereum improvement proposal, EIP-5133 created on June 1st by Tomasz Kajetan Stanczak, Eric Marti Haynes, Josh Klopfenstein, and Abhimanyu Nag.

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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.