Santiment has revealed that recently top-tier whales have started being more active when it comes to acquiring Ethereum. Thanks to these massive purchases, ETH’s price grew today to $2,691.
The largest crypto whales, those who are a part of the “millionaire tier” level, are now the owners of 39.2% of the total supply of Ethereum. This represents the largest portion of the Ethereum supply being owned in around three months.
It seems that the “millionaire tier” wallets are now holding between 1,000 and 100,000 ETH each.
What also pushed the price of Ether is the fact that the London hardfork is getting closer – it is planned to be released on August 4th, at block 12,965,000.
This long-awaited upgrade will finally let Ethereum use the proof of stake consensus mechanism and leave proof of work behind.