Bitcoin Bulls Awake Bitcoin Whale as $38 Million Moved in 2 Transactions

19m
bitcoinnews

Blockchain-Enabled Chinese Yuan Could Increase Governmental Oversight, Investor Argues

20m
cryptoglobe

Bitcoin May Be Gearing Up for a Move to $10,000 as Upwards Momentum Continues

31m
cryptonewmedia

CZ Explains How Binance Dealt With Aftermath of $40 Million Theft

1h
cryptoglobe

The End of the Bitcoin (BTC) and Crypto Winter Is Here

1h
dailyhodl

Renowned Dev Crafts Two Improvement Proposals For Bitcoin Privacy

1h
cryptonewmedia

Bitcoin’s $2,200 correct could prove to be a swing trade buy, claims old-school trader |

1h
cryptonewmedia

Top Altcoins Gainers in USD and BTC Value – 2019 Week 20 Edition

1h
nulltx

Just 732,000 Bitcoin Addresses Own At Least 1 BTC

1h
bitcoinist

Netherlands: Odyssey Announces Winners Of 2019 Blockchain And AI Hackathon By Diana Ngo - April 25, 2019 0 269

1h
coinjournal

How to Travel the World With Bitcoin Cash

1h
thebitcoinnews

Bank of America has yet to find any blockchain use case for financial services sector, says Bessant

1h
bitcoinnews

Upper echelons of exchange’s board sparks debate; compliance…

2h
cryptonewmedia

BitMax.io (BTMX.com) Announces Strategic Listing Partnership with DREP

2h
cryptonewmedia

Bitcoin Bulls Wipe Out Losses on Another Strong Weekend

2h
bitcoinnews

Binance Coin (BNB) Heads Toward $30 With A $4 Billion Valuation

3h
zycrypto

Bitcoin Cash Upgrade and 30K Stores Accepting BCH in the Weekly Update From Bitcoin.com

3h
thebitcoinnews

Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception |

3h
cryptonewmedia

Bitcoin Cash’s hashrate comes dangerously close to being controlled by one mining pool |

3h
cryptonewmedia

Kik CEO Says Firm Spent $5+ Million on Negotiations With US SEC: Report

3h
cryptonewmedia

BitcoinNews.com Ethereum Market Analysis 19th May 2019

3h
bitcoinnews

Coinbase CEO Talks About Staking, Voting, Margin Trading, Lightning Network, and More

3h
cryptoglobe

Can Monero (XMR) Trade At $100 By End Of May?

3h
zycrypto

A Perfect Cryptocurrency With No Flaws, Is It Ripple’s XRP?

4h
zycrypto

BitcoinNews.com Bitcoin Market Analysis 19th May 2019

4h
bitcoinnews


Just 376 Whales Reportedly Hold Over 30% of All Ether (ETH)

According to a research report published on Wednesday (May 15) by crypto surveillance firm Chainalysis, just 376 "whales" hold one third of all ETH.

Although one of the original motivations for cryptocurrency was decentralization, Chainalysis' research has shown that over 30% of all Ether and over 20% of all Bitcoin is controlled by whales.

Chainalysis' latest reseach report found that Ether whales

Chainalysis defines whales as "the top 500 holders of cryptocurrency, excluding services, who store their holdings off exchanges." The good news is that although whales control 33% of the circulating supply of ETH, in 2016, they controlled even more -- 47%.

Despite controlling one third of the circulating supply of ETH, the whales do not move their ETH very often, accounting for "between 5% and 18% of economic transaction volume." The reason for this is that around 60% of the whales are not active traders (i.e. they "are holding their assets or not regularly trading with exchanges").

By looking at the Ether price from early 2016 to the end of April 2019, Chainalysis found that

According to CryptoCompare, at press time, Ether is trading at $260.24, up 11.18% in the past 24-hour period:

Ether Whale Chart Courtesy of Chainalysis

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments