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Ethereum whales dumping ETH as price slides below $4K, data shows
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Ethereum is having difficulty keeping its richest investors in line as its native token, Ether (ETH), hints at logging more losses in the near term.
Blockchain data analytics service Glassnode revealed that the number of Ethereum addresses holding at least 1,000 ETH dropped to 6,292 this Monday, the lowest reading since April 2017. At its year-to-date peak, the numbers were 7,239 in January.
On-chain analysts typically observe ETH distributions among addresses to realize retail and institutional
Read more on cointelegraph.comAbout this in other media
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