During a price drop of 30 percent in early September, at least 68 Ethereum whales joined the network, potentially adding millions of stocks.

According to Crypto Twitter user Ali Martinez, data from research site Santiment shows that the number of investors owning 1,000 to 10,000 Ether (ETH) – about $ 350,000 to $ 3.5 million at the time of writing – has increased by 68. Three days from 31 August. The drop occurs when the token is down 30.2% from $ 367 on August 31 to a monthly low of $ 326 on September 5.

The increase in the DeFi market has led to an increase in demand for ETH since June, as well as a sharp increase in petrol prices – reaching almost 485 gins on 1 September – as the number of daily transactions increased. However, the average petrol price is now only 98 Gwei after falling prices along with projects like SUSHI, which fell 88% in just 5 days.

Ether remains the second largest cryptocurrency after a market value of $ 39.7 billion, with Tether (USDT) falling to $ 14.1 billion after receiving over $ 3 billion on September 1st. At the time of writing, Ether is trading at $ 354, after rising 4% in the last 24 hours.

Source: CoinTelegraph