Analysis: Despite the price drop of ETH in 2018, whales were accumulating

Since the beginning of 2018, the balances of the large Ether holders (whales) continued to grow, according to data analyzed by The Block and shared by TokenAnalyst, a crypto data provider. 

The data provided includes over 2,000 unique ETH addresses of whales with balances that propelled them into the top 1,000 holders for the individual months between January 2018 and May 2019. Below is our analysis of this data.

The chart below shows the aggregated ETH balances of leading cryptocurrency exchanges and whales.¹ From January 2018 to May 2019, these balance have grown over 12%.

To provide a clearer distinction between the balance growth of whales and exchanges, we filter our data to separate the two.

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Analysis: Despite the price drop of ETH in 2018, whales were accumulating written by Steven Zheng @ https://www.theblockcrypto.com/2019/06/17/analysis-despite-the-price-drop-of-eth-in-2018-whales-were-accumulating/?utm_source=rss&utm_medium=rss&utm_campaign=default June 17, 2019 Steven Zheng

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