According to data from blockchain analytics firm Santiment, whales have turned to Ethereum.
According to Santiment, whales have been buying Ethereum since June 7, despite the massive depreciation of Ethereum last month.
“Ethereum whales bought 1.1% of the current supply, down 39%. Looking at the previous data, this may be a determining factor for future price movements.”
According to data from Etherscan, the current supply of Ethereum stands at 119,516,810.
Santiment also reveals an increase in XRP activity.
“XRP outperformed most altcoins on Thursday as the crypto crashed. A few days ago, the number of addresses interacting on the XRP network exploded, surpassing 200,000 for the first time since February 2020. This is worth following”
The firm also noted significant increases in SHIB and DOGE network activity.
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