Santiment, a reputable market intelligence platform, visited Twitter this morning to unveil fresh insights on Ethereum (ETH) addresses on and off exchanges. As per their findings, the top 10 ETH addresses on exchanges are approaching an unprecedented low.
However, it is worth noting that the 10 most substantial non-exchange Ethereum addresses are experiencing a consistent upward trend. Presently, these wallets hold a staggering 3.44 times more than the combined value of the top 10 exchange wallets. This observation may indicate that Ethereum’s prominent investors are gearing up to retain their ETH tokens for an extended period.
Divergent opinions on Ethereum abound, as evidenced by the recent musings of crypto authority and PulseChain enthusiast Richard Heart. In a tweet this morning, Heart asserted that serving as a validator on PulseChain would yield a more substantial network percentage than doing so on Ethereum. Additionally, he underscored that PulseChain boasts a 25% higher burn rate and potentially 73.5% less inflation.
According to CoinMarketCap, ETH is experiencing a decline in trading value, with a 1.03% drop over the last 24 hours. The altcoin is currently trading at $1,891.05, with a high of $1,937.50 and a low of $1,883.14 during the same period.
Despite a recent dip in 24-hour trading volume, Ethereum’s weekly performance remains impressive, with a gain of over 5% in the past seven days. However, the altcoin’s current trading volume has taken a hit, dropping by more than 21% since yesterday, and is now at $9,214,051,507. Nonetheless, Ethereum’s overall outlook remains positive.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
