#Ethereum whale activity is shifting.
Wallets holding 1,000+ ETH have reportedly reduced their holdings by around 1.7M ETH since May, according to Santiment.
But this doesn’t automatically mean whales are selling.
A significant portion may have moved into staking or smart contracts, showing how ETH can shift between different forms of on-chain activity.
The key takeaway: wallet balances alone don’t tell the full story. On-chain context matters.
#USJoblessClaimsFallTo206000 #WalmartFalls7% $ETH
Wallets holding 1,000+ ETH have reportedly reduced their holdings by around 1.7M ETH since May, according to Santiment.
But this doesn’t automatically mean whales are selling.
A significant portion may have moved into staking or smart contracts, showing how ETH can shift between different forms of on-chain activity.
The key takeaway: wallet balances alone don’t tell the full story. On-chain context matters.
#USJoblessClaimsFallTo206000 #WalmartFalls7% $ETH