According to Santiment, Ethereum is currently experiencing the highest whale activity in the last six weeks. Typically this activity heralds a growth phase.
“Ethereum whales increased their activity significantly during the ETH price decline to $2,380 last Friday. This indicates the accumulation of assets by the largest players. Of course, this does not guarantee an immediate increase in the price of ether, but it is a good sign in favor of this,” Santiment said.
Experts also recorded the emergence of 6,248 new Ethereum wallets in one day on October 24 – this is the maximum figure since September 5.
The growth of ether is also facilitated by the external news background, as well as the general mood of uncertainty in global financial markets.
Earlier, the cryptocurrency company Circle presented the concept of anonymizing transactions in Ethereum.
Source: Bits
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