{"id":30373,"date":"2020-10-20T14:14:02","date_gmt":"2020-10-20T11:14:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30373"},"modified":"2025-08-27T21:58:26","modified_gmt":"2025-08-27T18:58:26","slug":"santiment-ethereum-whales-actively-move-coins-from-exchanges-to-wallets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/santiment-ethereum-whales-actively-move-coins-from-exchanges-to-wallets\/","title":{"rendered":"Santiment: Ethereum whales actively move coins from exchanges to wallets"},"content":{"rendered":"<p>Over the past two months, the amount of ETH on popular cryptocurrency exchanges has fallen by 20.5%. Santiment analysts note the active transfer of coins to wallets of the top 10 market players.<!--more--><\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udc33 <a href=\\\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ETH<\/a>\u2018s top 10 whale exchange addresses have continued swapping their funds to non-exchange wallets, &#038; moving holdings at an impressive rate. The 20.5% decrease in tokens on exchanges the past 2 months indicates price confidence by top <a href=\\\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Ethereum<\/a> holders. <a href=\\\"https:\/\/t.co\/zC5GvgoUN7\\\">https:\/\/t.co\/zC5GvgoUN7<\/a> <a href=\\\"https:\/\/t.co\/xG3HJcz9sY\\\">pic.twitter.com\/xG3HJcz9sY<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\\\"https:\/\/twitter.com\/santimentfeed\/status\/1318319511829884928?ref_src=twsrc%5Etfw\\\">October 19, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>The drop in Ethereum on exchanges signals confidence among the largest holders of the second-largest cryptocurrency, according to experts.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>Analysts at Glassnode corroborate such observations. In their assessment, the Ethereum balance on exchanges fell to a ten-month low of 16.32 million ETH.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udcc9 <a href=\\\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Ethereum<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ETH<\/a> Balance on Exchanges (1d MA) just reached a 10-month low of 16,324,040.688 ETH<\/p>\n<p>\\n<\/p>\n<p>Previous 10-month low of 16,325,236.173 ETH was observed earlier today<\/p>\n<p>\\n<\/p>\n<p>View metric:<a href=\\\"https:\/\/t.co\/1dCpD2ey8E\\\">https:\/\/t.co\/1dCpD2ey8E<\/a> <a href=\\\"https:\/\/t.co\/y5JsvzCZQQ\\\">pic.twitter.com\/y5JsvzCZQQ<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\\\"https:\/\/twitter.com\/glassnodealerts\/status\/1318179039874527232?ref_src=twsrc%5Etfw\\\">October 19, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>For comparison, the metric stood at 18.93 million coins on August 7. The last time values this low were observed was in August 2016.<\/p>\n<p>\\n<\/p>\n<p>Glassnode Alerts reported a record number of wallets holding at least 32 ETH.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udcc8 <a href=\\\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Ethereum<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ETH<\/a> Number of Addresses Holding 32+ coins just reached an ATH of 124,599<\/p>\n<p>\\n<\/p>\n<p>Previous ATH of 124,569 was observed earlier today<\/p>\n<p>\\n<\/p>\n<p>View metric:<a href=\\\"https:\/\/t.co\/rkRWanL3OS\\\">https:\/\/t.co\/rkRWanL3OS<\/a> <a href=\\\"https:\/\/t.co\/4g2EzIBMgm\\\">pic.twitter.com\/4g2EzIBMgm<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\\\"https:\/\/twitter.com\/glassnodealerts\/status\/1318420599602118656?ref_src=twsrc%5Etfw\\\">October 20, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>Such a number of coins is required to become a validator in the Ethereum 2.0 ecosystem.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"vdylb8RU4e\\\">\n<p>What is Ethereum 2.0?<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201cWhat is Ethereum 2.0?\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-ethereum-2-0\/embed#?secret=rgVFQzJCoB#?secret=vdylb8RU4e\\\" data-secret=\\\"vdylb8RU4e\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>\\n<\/p>\n<p>Earlier, Barry Silbert, founder and chief executive of the Digital Currency Group, noted that his company Grayscale Investment continues to build Ethereum reserves.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\\&#8221;While everyone has been focused on our bitcoin accumulation, the Grayscale Ethereum Trust now holds over 2% of all ETH in circulation\\&#8221;<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">While everybody has been focused on our bitcoin accumulation, the <a href=\\\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\\\">@Grayscale<\/a> Ethereum Trust now holds over 2% of all ETH in circulation<\/p>\n<p>\\n<\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a href=\\\"https:\/\/twitter.com\/BarrySilbert\/status\/1316537917741961217?ref_src=twsrc%5Etfw\\\">October 15, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>In August, Spencer Noon, head of DTC Capital, said that the decentralised finance space is attracting more and more institutional investors.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\\&#8221;The herd is coming. They\u2019re excited about DeFi, but new to it. Initially they\u2019re buying ETH,\\&#8221; he noted.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">My read on <a href=\\\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\\\">#DeFi<\/a> after speaking with instl investors, fund mgrs, OTC desks, and FOs over the last few wks:<\/p>\n<p>\\n<\/p>\n<p>The herd is coming. They\u2019re excited about DeFi but new to it, so they\u2019re buying <a href=\\\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ETH<\/a> first. Once positions are set, I expect them to move up the risk spectrum to protocols.<\/p>\n<p>\\n<\/p>\n<p>\u2014 Spencer Noon (@spencernoon) <a href=\\\"https:\/\/twitter.com\/spencernoon\/status\/1290331638870802437?ref_src=twsrc%5Etfw\\\">August 3, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/p>\n<p>Earlier, Glassnode <a href=\"https:\/\/u1f987.com\/en\/news\/more-than-60-of-ethereum-in-circulation-has-not-moved-for-more-than-a-year\">estimated<\/a> a 60% share of Ethereum that had not moved for more than a year.<\/p>\n<p>\\n<\/p>\n<p>On 12 October, developers <a href=\"https:\/\/u1f987.com\/en\/news\/a-step-closer-to-ethereum-2-0-as-developers-launch-final-zinken-testnet\">launched<\/a> the final testnet Zinken ahead of the ETH2 Phase Zero transition. It served as the \\&#8221;dress rehearsal\\&#8221; for the creation of the Ethereum 2.0 genesis block. The network will run in parallel with the current Medalla testnet.<\/p>\n<p>\\n<\/p>\n<p>Earlier, developer Ben Edington <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-ethereum-2-0-deposit-contract-expected-in-the-coming-days\">announced<\/a> the launch of the ETH2 deposit contract \\&#8221;in the coming days\\&#8221;.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n<p>\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past two months, the amount of ETH on popular cryptocurrency exchanges has fallen by 20.5%. Santiment analysts note the active transfer of coins to wallets of the top 10 market players.<\/p>\n","protected":false},"author":1,"featured_media":30374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,46,1156,1478],"class_list":["post-30373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-ethereum","tag-institutional-investors-and-whales","tag-santiment"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30373"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30373\/revisions"}],"predecessor-version":[{"id":30375,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30373\/revisions\/30375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30374"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}