Bitcoin

Ether’s whale count rises during 30% price drop

At least with a price drop of 30% in early September 68 Ethereum whales have joined the network, potentially adding millions of stocks.

According to Twitter user Ali Martínez, the data comes from the analysis site Santiment show as The number of investors holding between 1,000 and 10,000 ethers (ETH), between $ 350,000 and $ 3.5 million at press time, rose 68 in the three days since August 31. The decline is due to the token falling 30.2% from $ 367 on August 31 to a monthly low of $ 326 on September 5.

The growing DeFi market has spurred demand for ETH from June, as has rising gas costswhich peaked at around 485 Gwei on September 1, with an increasing number of daily transactions. However, after the price drop, the average gas rate is now only 98 Gwei, along with projects like SUSHI, which have fallen 88% in just 5 days.

Ether’s whale count rises during 30% price drop
Ether’s whale count rises during 30% price drop

Ether remains the second largest crypto asset by market capitalization at $ 39.7 billionwhile Tether (USDT) is lagging $ 14.1 billion after earning more than $ 3 billion on Sept. 1. At the end of this issue, Ether is trading at $ 354 after rising 4% in the past 24 hours.

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