The last time ETH addresses with over 1,000 coins stood at approximately 6,000 was in 2018.
The most recent figures could signal that large ETH investors have dumped some of their holdings in the past several months, while others are not quite certain about a potential price expansion and prefer not to increase their possessions beyond that level.
According to a Matrixport analysis , Ether is poised for a decline in the near future based on several factors, such as FTX’s creditors plan to sell billions in crypto assets, including ETH. The former crypto behemoth holds at least $90 million worth of the coin Injecting that amount into the market could trigger a supply shock, possibly pushing the price south.lately. Its most current level was approximately 53.5% or an 8-month-low.
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