Ethereum’s micro addresses, which hold less than 0.1 ETH, have now exceeded 100,000 wallets, marking a significant milestone for the Ethereum network.
Key Takeaways
- Ethereum’s micro addresses, which hold less than 0.1 ETH, have exceeded 100,000 wallets, marking a significant milestone for the Ethereum network.
- Data from Santiment reveals the growing adoption and diversification of Ethereum holdings across various wallet sizes.
- Larger wallet categories, including those with holdings between 0.1-10 ETH and over 10,000 ETH, have also seen an increase in numbers.
- Currently, whales or large Ethereum holders account for approximately 32.94% of the concentration, holding around 40.83 million ETH, as reported by IntoTheBlock.
Ethereum Micro Wallets Surpass 100K
The number of micro addresses on the Ethereum network, holding less than 0.1 ETH, has reached over 100,000, indicating significant growth and diversification.
Data from Santiment underscores the growing adoption and diversification of Ethereum holdings, with various wallet size categories experiencing an uptick.
Ethereum's micro wallets ( https://t.co/CvSbvwgpT9
— U.Today (@Utoday_en) November 10, 2023
Large Ethereum holders, often referred to as whales, currently account for 32.94% of the market, holding approximately 40.83 million ETH. In contrast, smaller investors collectively own 12.48% of the market, equivalent to 15.47 million ETH.
BlackRock’s Ethereum ETF Plans
The Ethereum market has received a boost of excitement due to BlackRock’s announcement of plans to launch an Ethereum exchange-traded fund (ETF). This move is seen as a precursor to the introduction of an Ethereum-based ETF.
Following the registration of the iShares Ethereum Trust by BlackRock, Ethereum’s price surged above $2,000, reaching its highest level since April.
To Conclude
The Ethereum network has achieved a significant milestone with over 100,000 micro wallets, reflecting the network’s growing adoption and diversification of holdings.
Meanwhile, BlackRock’s plans for an Ethereum ETF have added excitement to the Ethereum market, reminiscent of its previous moves in the cryptocurrency space.
