An image from Santiment
The amount of ETH held in non-exchange wallets is shown by the yellow region on the aforementioned graphic. This supply had a large surge on February 25 that brought it dangerously near to 26 million ETH. The total supply held in non-exchange wallets as of February 26 was 24.73 million ETH.
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The number of whales holding 100,000 Ethereum or more is at its lowest point in more than a year, according to Santiment. Just 124 wallets hold that much Ethereum at the moment, a 34% decrease from the peak of 176 wallets in July 2019.
“Finally, ETH appears to be dominant for... well, Ethereum. This is typically the case, but it looks like it's been expanding the lead over Wrapped ETH, USD Coin, and Tether as of late,” Santiment insights said.
Price Action: At the time of writing, ETH was trading at $1,651 up 2% in the last 24 hours, according to Benzinga Pro.