Ethereum's Top 10 Addresses Now Control 35% of Total Supply Amidst Market Dip, Says Santiment

08/26 04:01

Despite the recent price crash of Ethereum (ETH), large players have been accumulating while smaller traders have been trying to offload their supply, leading to a concentration of ETH supply in the top 10 addresses. However, this does not indicate centralization of ETH. On-chain data provider Santiment explains that smaller traders are succumbing to fear, uncertainty, and doubt (FUD) during this market dip.

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