Whales dump Ethereum – should you be concerned?

📆 8/24/2023 3:30 AM
📰 CryptoAmb

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Amidst dwindling whale interest, Ethereum's network witnesses a surge in non-zero addresses, showcasing retail investor enthusiasm.

A more comprehensive examination of the transaction data painted a broader picture. The said whale ventured into 18 different token trades, with only four of them turning out to be profitable. This translated to a relatively modest success rate of 22%.

As whale interest in Ethereum seems to wane, retail engagement tells a different tale. Illustrated by data from Glassnode, the number of non-zero addresses skyrocketed to an all-time high of 104,794,621.Source: Glassnode

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