However, despite all the volatility, whales continued to show interest in Ethereum. As evidenced by the image below, there was a sharp increase in the supply held by the top addresses. Ethereum’s velocity grew in the same period, indicating that the average number of times that ETH changed wallets each day had increased. In fact, king alt’s network growth also witnessed an uptick during the same duration. This implied that the number of new addresses that transferred to Ethereum for the first...
