TechFlow reports that on December 17, according to the latest data from on-chain analytics platform Santiment, the number of whale wallets holding more than 100,000 ETH has reached 104, collectively holding 57.35% of the total ETH supply, valued at approximately $333.1 billion.
At the same time, the share of wallets holding 100–100,000 ETH has dropped to a historic low of 33.46%, while the proportion of wallets holding less than 100 ETH has fallen to a nearly four-year low of 9.19%.
Santiment noted that although some large wallets are associated with DeFi and staking operations, the continued accumulation by major holders is still seen as a long-term bullish signal.
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