{"id":36917,"date":"2025-01-18T08:00:05","date_gmt":"2025-01-18T08:00:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=36917"},"modified":"2025-01-18T08:00:05","modified_gmt":"2025-01-18T08:00:05","slug":"ethereum-whales-double-holdings-to-43-post-merge-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=36917","title":{"rendered":"Ethereum Whales Double Holdings To 43% Post-Merge \u2013 Details"},"content":{"rendered":"

In the past week, the crypto market experienced a general uplift as Bitcoin surged above $100,000<\/a> for the first time since early December. According to data from CoinMarketCap, Ethereum gained by 7.25% spurring a return to the $3,500 price zone. Interestingly, more market developments are pointing to a long-term bullish future for the altcoin.\n<\/p>\n

Ethereum Merge Sparks Mega Increase In Whale Holdings<\/strong><\/h2>\n

In a recent X post<\/a> by crypto analytics firm IntoTheBlock, the Ethereum network has recorded a massive rise in whales\u2019 reserves over the past two years. Generally, whales are wallet addresses that hold a substantial amount of a token, typically over 10,000 ETH for the Ethereum network. Whales are important due to their large holdings which could allow them to influence market trends.<\/p>\n

According to IntoTheBlock, the Ethereum whales<\/a>\u2018 balance has surged from 22% of the coin\u2019s supply in early 2023 to a current value of 43%, indicating about a 100% gain in 24 months.<\/p>\n

So far, the blockchain analytics firm has linked this accumulation spree to the Ethereum Merge that occurred in September 2022.\u00a0 For context, the Merge, considered a historic event, allowed the Ethereum mainnet to integrate with the Beacon Chain transforming it into a fully functional proof-of-stake blockchain.\u00a0<\/p>\n

The Merge offers many benefits in terms of potential for sharding to ease network traffic, environmental friendliness, and importantly staking, as it allowed long-term Ethereum investors to finally withdraw their staked rewards. IntoTheBlock postulated that in particular, whales found this upgraded staking feature attractive resulting in the accumulation surge since 2023.\u00a0<\/p>\n

In backing this notion, data from beaconcha.in<\/a> shows that staked ETH has grown from 15,804,310 ETH in January 2023 to 33,898,981 ETH in January 2025 indicating a 114.49% gain in the same period during which a surge in whale accumulation has occurred.<\/p>\n

In terms of their ability to influence market trends, whale transactions are viewed as trading signals by smaller, retail investors. Thus, a strong accumulation pattern by ETH whales, as currently reported, is a robust bullish signal supporting the altcoin\u2019s long-term profitability.\n<\/p>\n

ETH Price Overview\u00a0<\/strong><\/h2>\n

At the time of writing, Ethereum trades at $3,460 reflecting a 2.65% gain in the past 24 hours. However, the coin\u2019s trading volume is down by 3.33% and valued at $26.11 billion.<\/p>\n

According to its daily trading chart, Ethereum is currently headed for a major price resistance at $3,700. If it surpasses this, it may rise further to around $4,000.\u00a0 With a market cap of $422.34 billion, Ethereum remains the second-largest cryptocurrency and altcoin in the world.<\/p>","protected":false},"excerpt":{"rendered":"

In the past week, the crypto market experienced a general uplift as Bitcoin surged above $100,000 for the first time since early December. According to data from CoinMarketCap, Ethereum gained by 7.25% spurring a return to the $3,500 price zone. Interestingly, more market developments are pointing to a long-term bullish future for the altcoin. Ethereum […]<\/p>\n","protected":false},"author":0,"featured_media":36918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36917"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36917"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/36918"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}