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According to a TradingPlatforms.com data presentation, the number of ETH addresses holding 100 ETH or more hit a high of 48,255 on December 26th. This represented a 13% increase from 42,644 on January 1st.
RELATED: Ethereum adds over 5m new unique addresses in 30 days
TradingPlatform’s investments expert Edith Reads affirms that the growth in those numbers is a positive sign for ETH investors. She holds that their increase indicates a wider trend toward bullish investor sentiment. To her, the move suggests a strong belief in the crypto asset’s future growth prospects.
Edith explained, “The rising number of sharks and whales on Ethereum indicates their confidence about where the crypto is heading regardless of any short-term volatility. This is promising news for those who believe ETH will appreciate going into 2023 and beyond.”
TradingPlatforms’ report tallies with recent Santiment findings showing a spike in these addresses. The latter drew parallels with a similar occurrence two years ago when whales and sharks acted as catalysts for a 50% surge in the digital asset’s worth. That implies a repeat of the same if the shark and whale activities continue. The full story and statistics can be found here: Sharks and Whales on the Ethereum Platform soar 13% in 2022 to stand at 48,255
