Top 10 ETH Addresses on Exchanges Are Nearing An All-Time Low

Santiment, a well-known market intelligence platform shared a post on Twitter early this morning to reveal some new data about Ethereum (ETH) addresses on and off of exchanges. According to the post, the top 10 largest ETH addresses on exchanges are nearing an all-time low.

Ethereum top 10 addresses on vs off exchanges (Source: Santiment)

On the other hand, the 10 largest non-exchange addresses are steadily increasing. At the moment, Ethereum’s largest non-exchange wallets hold 3.44x the amount of the 10 largest exchange wallets. This could suggest that ETH whales are getting ready to hold onto their ETH tokens for a while.

Not everyone seems to have the same sentiment about Ethereum. Crypto expert and PulseChain fan Richard Heart also shared a post on Twitter this morning. According to Heart, being a PulseChain validator will mint users a larger percentage of the network than validating on Ethereum. He also made sure to mention that PulseChain has 25% more burn and perhaps 73.5% less inflation.

ETH price (Source: CoinMarketCap)

ETH is currently one of the cryptos trading in the red. CoinMarketCap indicates that the altcoin is trading hands at $1,891.05 after a 1.03% price decrease over the last day. ETH was also able to reach a high of $1,937.50 and a low of $1,883.14 over the same time period.

ETH’s weekly performance, on the other hand, is still looking rather good as the altcoin is still up by more than 5% over the last seven days. Currently, ETH’s 24-hour trading volume is in the red zone, and now stands at $9,214,051,507 after a more than 21% decrease since yesterday.

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