Ethereum

Analysis: Despite the price drop of ETH in 2018, whales were accumulating

Quick Take

  • Despite the 90% price drop of ETH in 2018, large ETH balance holders were accumulating
  • We analyzed the balance data of over 2,000 unique ETH addresses

Since the beginning of 2018, the balances of the large Ether holders (whales) continued to grow, according to data analyzed by The Block and shared by TokenAnalyst, a crypto data provider. 

The data provided includes over 2,000 unique ETH addresses of whales with balances that propelled them into the top 1,000 holders for the individual months between January 2018 and May 2019.