Once Ether fell 30% due to the general drop in the market, but mainly due to the Sushiswap exit scam, a number of ERC-20 tokens also fell, losing up to 30% in value.
So what? Many, using the signal of the oracle, made a balancing, pouring ethereum into bitcoin.
What are the whales doing at this moment? Yes, they just all these days bought up ether for millions of dollars. Lower prices for ETH drove buyers frenzy, and according to Santiment, 68 new whales (1,000 to 10,000 ETH) have joined the ETH ecosystem.
The Santiment Owners Distribution Chart shows that as Ethereum fell, there was a spike in the number of million dollar addresses in ETH, colloquially known as whales, - tweeted on Sunday crypto enthusiast Ali Martinez.
At the time of publication, the entire market capitalization of 6,700+ cryptocurrencies is just above the $ 300 billion mark, having lost 7% in value in the last 24 hours. Looking at the top ten cryptocurrencies in terms of market valuation, the concentration of large ETH holders is 40% according to Onchain Intotheblock metrics.
