Ethereum Whales Are Selling in August—Analyst Explains Why It’s Not Bearish

In recent months, Ethereum’s supply has seen a notable shift in how large amounts of ETH are distributed among wallets. Specifically, the number of addresses holding more than 100,000 ETH — often called “whales” — has dropped significantly. Surprisingly, this trend has not raised major concerns among ETH investors or analysts. The Decline of Ethereum Whales and the Rise of Sharks Recent data shows that the number of addresses with over 100,000 ETH has declined as ETH’s price surged source: https://beincrypto.com/ethereum-whales-are-selling-in-august/