Now It's ETH Whales On The Rise

Plus another big Bitcoin treasury purchase

Happy Monday, Blockfolians!

The Lede

Last week, we discussed the continued growth in bitcoin whales, despite (or perhaps because of) short term price declines.

This week, the story is all about ETH whales. The number of addresses holding 10,000 or more ETH hit a 13-month high on Saturday according to Glassnode. Currently 1,103 addresses hold more than 10k ETH.

More important than the total number is the trajectory. 35 new ETH whales this month and 75 since November.

Iiiiiiiiiiiiinnnnnnteressssting.

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Thoughtful stuff here from one of the best podcast hosts out there