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May 18, 2021
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68 new whales have arrived after the recent ETH drops |

During the last 30 percent drop in prices in early September, at least 68 Ethereum whales joined the network.

68 new ETH whales

Data from Santiment’s analysts show that the number of investors with between 1,000 and 10,000 ether (ETH) – $ 350,000-3.5 million at the time of writing – has increased by 68 in three days. The increase in whales comes after a 30.2% decline from 367 to a monthly low of $ 326.

The rapidly growing DeFi market since June has been driving both demand for ETH and rising gas costs – reaching around Gwei 485 on September 1 – with an increasing number of daily transactions. Currently, after the drops, the average gas fee is only 98 Gwei. Ethereum continues to be the second largest cryptocurrency by market capitalization.

Did the whales sense the falls?

According to another piece of information published by Sentiment, some of the whales may have sensed the recent falls. About 100 of the largest stock exchange addresses ETH, as cryptocurrency hit its newest peak, began to sell out their resources.

Current course You can always check Ethereum and other cryptocurrencies in the tabs: course Bitcoin and the cryptocurrency rate on the website . A sure and safe place where you can buy ETH and other cryptocurrencies, is i.a. Poland cryptocurrency exchange BitBay. If you do not have an account on BitBay, in this article you will learn how to create them quickly and efficiently: LINK.

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