Massive Outflows Hit Grayscale’s $ETHE Amid Growing Interest in Ethereum & Bitcoin Spot ETFs

39% ETH coin supply is in hands of whales: Report

In#BTC, bitcoin news, crypto news, ETH, Ethereum News, Featured, Investing

The numbers of whaled in the Ethereum ecosystem is very high over Bitcoin.

In the present time, Bitcoin (BTC) & Ethereum (ETH) are the two top decentralized crypto assets. People believe in Bitcoin & Ethereum blockchain blindly, obviously, here we can’t add Bitcoin maximalists as Ethereum haters as they are early Bitcoin Investors & don’t want to go with Ethereum anymore. The current age of Bitcoin is 14 years & of Ethereum is 8 years and both of these two cryptocurrencies don’t require a deep introduction, as these digital assets are already popular & known among the world population for a long time.

According to recent data, provided by crypto analytic platform IntoTheBlock, 39% of ETH coin supply is concentrated among a large number of ETH holders i.e 39% of ETH supply is in the hands of the whales.

In contrast to Ethereum, around 11% of the total Bitcoin (BTC) supply is in the hands of whales. Here we can say Bitcoin is significantly away from price manipulation risks, than Ethereum.

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Many experts noted that 39% Ethereum supply under the control of whales is a very big threat to the natural ETH price but in contrast to this opinion, many experts noted that the majority of these ETH supply is in freeze state, and in March of this year a big amount of ETH supply will be unlocked after the Shanghai upgrade.

The current trade price of Bitcoin is $23,841 & this trade price is 2.48% high over the last 24 hours’ trade price.