Share of total ETH supply at the largest addresses increases by 6,7% after The Merge
This was reported by analysts at Santiment after studying the Top 10 over-the-counter wallets
01.11.2022 - 14:00
350
2 min
0
What’s new? Experts at analytics firm Santiment reported that the Top 10 OTC addresses on the Ethereum network continue to accumulate assets after The Merge upgrade. Large investors have added another 6,7% of the total ETH supply to their wallets since September 15. In the same time, the top 10 crypto exchanges have only raised their share by 0,2%.
🐳 #Ethereum's" class="redactor-linkify-object">https://twitter.com/hashtag/Ethereum?src=hash&... top 10 largest non-exchange addresses have been accumulating assets after their big drop-off leading up to September's merge. They have added 6.7% more $ETH. Meanwhile, the top 10 exchanges are standing pat with just an 0.2% rise. https://t.co/h5CxDwOphX pic.twitter.com/msrrzvhB4P — Santiment (@santimentfeed) November" class="redactor-linkify-object">https://twitter.com/santimentfeed/status/158726285... 1, 2022What other data is known? As of November 1, the top 10 investors own 23,7 million ETH (about $37,78 billion at the Binance rate on November 1, 13:25 UTC). Exchange addresses own only 8,7 million ETH (~$13,87 billion).
The number of new smart contracts on the Ethereum network increased to a 16-month high since October 9. Earlier such activity was observed only in July 2021. At the time of writing, ETH is trading at $1594, down by 1,8% per day.
What is known about The Merge? On September 15, at 06:45 UTC, the Ethereum network switched from the Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS). The method of earning ETH changed from mining to staking, network management shifted from miners to validators, and the asset became deflationary.
For what to expect from the reduction in coin supply following the network’s transition to PoS, see GetBlock Magazine’s article.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024