The cryptocurrency market has been attempting a price recovery after crashing hard in the last few days. According to data from crypto market intelligence platform Santiment, Ethereum sharks and whales have been the leading contributors to the price surge with their accumulation.
Per Santiment’s data, Ethereum addresses holding between 100-1 million Ether (ETH) tokens added 657,390 ETH to their bags in the past 24 hours since the dip. This is roughly worth $783 million currently, the analysis noted.
Their addition also equals 0.54% of the circulating supply of ETH, making the day the largest single-day buys since Sept. 5, Santiment added.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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