What Does This Mean for ETH
“`html
Contributor
- The number of Ethereum whales holding more than 10,000 ETH has decreased by over 7% since July.
- 62% of Ethereum holders are currently in profit as net inflows are expected to rise.
Ethereum [ETH] has displayed a notable decline in the number of whales holding more than 10,000 ETH since July.
This drop exceeding 7% is significant, given that large holders often influence market trends.
A swift decline in whale participation may suggest shifts in sentiment and strategies among affluent investors.
}>
