Preparing for bullrun: whales have accumulated nearly 20 million ETH for 2018
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This year has been heavy for almost all investors in the cryptocurrency. Bitcoin fell in price by almost 80%, which even forced many miners out of the game. However, someone the situation played into the hands. Right now «whales» bulk buying — over the past few months «» their cryptocell increased by tens of percent.
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According to analysts, Diar, from thousands of the largest Ethereum addresses the active transaction commits almost half. For the year 2018, the number of coins for these purses has grown by 80 percent. Experts note that such an active accumulation of digital assets in the history of the entire industry was not.
As of the end of November, the owners of about 500 addresses managed to accumulate over 20 million ETH, that is $ 2.2 billion at the current exchange rate. Still not aware of the magnitude of the situation? Less than a thousand wallets hold 20 percent of all coins Ethereum.
In Diar also noticed that a favorable factor for the big players, oddly enough, turned out to be a massive ETH commands failed ICO. The whales picked up cheap crypto-currency to prepare for the upcoming bullrun.
Increasing the number of ETH in the accounts of the whales is probably the result of frustration of traders in tokens that are traded in a pair of Ethereum. The massive decline of the stock market contributed to the closure of their trading positions and purchase of coins ETH.
image Source — CCN
However, the growth of cryptoperthite whales does not coincide with the dynamics «behavior» Ethereum addresses that allegedly belong to large investors. Since January, their number decreased by 30 percent. In other words, the cryptocurrency continues to concentrate in the hands of even more narrow circle of people.
But now the situation is not what it was early 2017. We will remind, then addresses whales accumulated about ETH $ 33 million, nearly a third of the total number of coins Ethereum.
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