Ethereum Whales Go on a Diet: Who Needs 75% Supply Anyway?

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So, it turns out that Ethereum whales have decided to shed some serious weight-1.5% of their precious ETH supply, to be exact. Yes, you heard right! It’s like that New Year’s resolution we all make (and promptly break) to lose those pesky pounds. Only these whales are trimming down their crypto holdings instead of waistlines.

Whales Are All About That Distribution Life

According to the cryptic wizards over at Santiment, these Ethereum addresses with more than 1,000 ETH have been on a selling spree since Christmas. Who knew Santa’s elves were actually crypto traders? The key indicator here is the “Supply Distribution,” which tells us how much of this digital gold the whales are hoarding-or not hoarding, as it would seem.

The wallets are sorted into groups based on their coin collection, kind of like a digital high school popularity contest. For instance, if you’re in the 1 to 10 coins club, congrats! You’re officially a part-time ETH enthusiast.

Now, feast your eyes on the chart shared by Santiment that outlines the trends for three wallet types: the newbies with 0 to 1 coins, the average Joes with 1 to 1,000 coins, and the big fish with 1,000+ coins. Spoiler alert: the chart looks like a rollercoaster ride of emotions!

Apparently, the tiny retail investors, those holding less than 1 ETH, are having a field day! Their collective stash has skyrocketed to over 2.3% of the total supply, the highest it’s ever been. Who would have thought the small fry would take the lead?

Meanwhile, the mid-tier wallets with 1 to 1,000 ETH are also seeing some action, breaking the 23% mark for the first time since July. Maybe they’ve been staking like it’s going out of style?

But wait-don’t pop the champagne just yet! The whales, those mighty investors with over 1,000 ETH, are the ones who’ve been tossing coins like confetti. Over the last eleven weeks, they’ve distributed 1.5% of the total ETH supply, bringing their hoard down to below 75%. That’s the lowest it’s been in seven months. Talk about a dramatic diet!

As these heavy hitters drop their ETH like it’s hot, the price of Ethereum has taken a nosedive. Will it keep plummeting? Only time will tell, but one thing’s for sure: the drama continues!

In a surprising twist, another digital darling, Pepe the meme coin, has seen its top wallets stockpiling like there’s no tomorrow. According to Santiment, the 100 largest wallets have accumulated a staggering 23.02 trillion PEPE over the last four months. No pressure, but maybe those retail investors should take notes?

As Santiment wisely pointed out, while retail sentiment is bearish toward Pepe and meme coins, those with serious accumulation will inevitably have their moment in the sun once Bitcoin decides to play nice again.

ETH Price

As of now, Ethereum is trading around $1,950, which is a little less than what you’d pay for an extravagant dinner-down nearly 14% over the last week. So, anyone up for a candlelit dinner or should we stick to ramen?

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2026-02-11 23:11