Ethereum News

New data: Ethereum whales keep most of their inventory outside exchanges

Recent data show that Ethereum whales mostly keep their inventory outside exchanges and at private addresses. Experts say this is a good sign for the Ethereum market.

to the Report According to data from the analytical website Santiment, the Ethereum inventory of whales that keep their assets outside exchanges has reached an all-time high compared to whales active in exchanges. .

With Ethereum reaching $ 3,484, the stock of whales keeping their assets outside exchanges has risen to 22.91 million units, according to the sentiment analysis team.

That’s five times more than the 4.6 million Ethereums kept by active whales in exchange offices. Centiment described the growing ratio of Ethereum whales outside the exchanges as the unprecedented peak of the standard, and said that further growth in the Ethereum of whales that keep their assets outside the exchanges is better for the market of this digital currency.

In July, the top 10 whales in the Ethereum market accumulated large amounts of this digital currency. The whales owned 20.58% of the total available Ethereums in the middle of the same month, after buying 2.12% of the total Ethereum supply at the July price floor.

New data: Ethereum whales keep most of their inventory outside exchanges
Graph of Ethereum Inventory of Whales Outside Exchanges to Inventory of Active Whales in Exchanges

Analytics company Glassnode said that the volume of Ethereums deposited in smart contracts of the second version of Ethereum has reached its historical peak of 7.83 million units. Glasnood data show that this figure has increased by 1 million units compared to the historical peak of 6.72 million Ethereums on August 16 (August 25).

According to, 409,669 Ethereums worth $ 1.35 billion were burned in the third quarter of this year alone. The mechanism for burning basic fees in the Ethereum network is part of the EIP-1559 recovery plan and part of the London upgrade, which took place on 5 August.

At present, the total volume of Ethereums burned in the network of this digital currency has reached 427,270 units, which is worth $ 1.41 billion. In the past hour, 224.27 units of Ethereum have been burned, valued at about $ 749,830.

The mechanism of burning base fees makes Ethereum an anti-inflation asset, so many expect this to lead to a significant increase in Ethereum prices in the near future.

Last week, Ethereum once again reached the top of $ 3,000, and at the time of writing, each unit of this digital currency is trading at around $ 3,362.


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