revealed that ETH addresses holding more than 100,000 ETH coins have collectively dropped their holdings since 4 November.
Interestingly, as the alt’s price fell, on-chain activity revealed that coin accumulation climbed. According to data from As of this writing, the count of these addresses sat at 1.69 million, having grown by 5% in the last 12 days. While this is notable, it might not be enough to effectively prop up the alt’s price amid the general decline in the cryptocurrency market.With worsening conditions in the broader cryptocurrency market, negative sentiment continued to trail the leading alt. At press time, ETH’s weighted sentiment was -0.57.
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