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On-chain data shows the Ethereum wallets with more than 1,000 ETH have reduced their holdings over the last eleven weeks, shedding 1.5% of the ETH supply.
Ethereum Whales Have Distributed Tokens Equivalent To 1.5% Of The Supply
As explained by on-chain analytics firm Santiment in an X post, Ethereum addresses with more than 1,000 ETH have participated in net selling since Christmas. The indicator of relevance here is the “Supply Distribution,” which tells us about the percentage of the total…
