Ethereum Whales and Their Impact on the Market

Ethereum whales are a significant force in the cryptocurrency market, controlling a substantial portion of the total supply. They are often referred to as "whales" due to their massive holdings.

These whales have a profound impact on the market, as their buying and selling decisions can cause significant price fluctuations. Their influence can also affect the overall sentiment and perception of the Ethereum community.

Ethereum whales hold a significant amount of the total supply, with some estimates suggesting they control up to 98% of all Ethereum in circulation. This concentration of wealth can have far-reaching consequences for the market and its participants.

Their massive holdings also give them a level of influence and power that can be felt throughout the market.

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Ethereum whales are large holders of Ether, the native cryptocurrency of the Ethereum network. They are known for their significant influence on the market.

These whales can hold anywhere from 1 million to 10 million Ether, worth tens of millions of dollars at today's prices.

Their large holdings give them considerable sway over the market, allowing them to move the price of Ether with a single transaction.

Ethereum whales are often anonymous, making it difficult to track their activities and motivations.

Their influence can be both positive and negative, depending on their actions and the market conditions.

Some of these whales have been known to accumulate large amounts of Ether over time, only to sell it off in a single transaction, causing a significant price drop.

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Tracking whale activity is a crucial step in understanding the Ethereum ecosystem. You can use the Bitquery Address Balance History API to retrieve detailed information about a whale's wallet, including their different portfolios and balances.

This API provides access to a whale's wallet, allowing you to analyze their portfolio and understand how it has evolved over time. You can track significant balance updates (exceeding $100,000) over time for a specific whale wallet.

To gain insight into a whale's activity level, you can use the DEXTrades API. This API enables you to track the frequency of trades and transfer activities, providing an aggregate figure to know if you need to further your analysis into the whale's activities.

The DEX Trades API can also retrieve information about the total amount received and sent out by the whale. For example, one whale had over 20,000 onchain transaction count with over six billion dollars on transacted amount as of 2024-03-22.

You can also use the Token Transaction API to track transfers in real-time and gain insight into a whale's recent activities with a specific token. This can help you understand their strategies and make informed decisions.

Here are some key APIs to track whale activity:

By using these APIs, you can gain a deeper understanding of whale activity and make more informed decisions in the Ethereum ecosystem.

Ethereum whales are a significant force in the market, and their behavior can have a major impact on the price of ETH.

Recent onchain data from Lookonchain revealed a new Ethereum whale address became active on November 9, accumulating over 18,000 ETH at an average price of $3,201.

The whale's wallet reportedly holds Ether worth $57.8 million, alongside $19.3 million in Tether (USDT).

This substantial purchase is now valued at $23.44 million in the last 24 hours alone.

The whale's decision to hold only Ethereum and USDT suggests a strategy of accumulating more ETH during potential price dips, signaling confidence in the asset's future value.

A prominent whale from Ethereum's 2016 initial coin offering sold off a significant holding, netting an impressive 80,000% return.

More recently, another major Ethereum holder transferred 6,250 ETH (worth $20 million) to the Kraken exchange, reflecting a past trend where ICO whales offloaded their assets at key price points.

This return of whale activity hints at renewed confidence in Ethereum's long-term potential, which could be an opportunity for investors, especially if ETH sees further consolidation before a breakout.

Here are some notable whale activities:

Whales, or large investors, can have a significant impact on the Ethereum market. Their buying and selling activities can influence the price of ETH.

To identify whale trends, look for addresses with large balances, known as cohorts. These cohorts are divided into groups based on their balance, with sharks holding 100 to 1,000 BTC, whales holding 1,000 to 10,000 BTC, and mega whales holding 10,000+ BTC.

The Accumulation Trend Score, a metric from Glassnode, can also help identify whale trends. When the score is close to 1, it indicates strong accumulation, while a score close to 0 indicates net distribution.

In recent months, the Accumulation Trend Score has been trending towards red, indicating that whales have been selling. However, a new whale address has been active, accumulating over 18,000 ETH at an average price of $3,201.

Here are some key facts about whale trends: