According to data from Santiment Insights, the supply of Ethereum held by non-exchange institutions (non-exchanges) exceeded 25 million on February 25.
As noted by Santiment Insights, the last time non-exchange wallets held more than 25 million was in 2016, indicating that weekly gains on February 25-26 broke a seven-year record.
ETH supply is held by top-level addresses. Source: Santiment Insights
The yellow area in the graph above represents the supply of ETH stored in non-exchange wallets. The chart reflects a supply peak on February 25, which pushed the supply to nearly 26 million. As of February 26, the number of tokens held by non-exchange addresses was 24.73 million.
Since September 2022, the supply held by non-exchange wallets has steadily increased. At the same time, since late October 2022, the amount of ETH stored in exchange wallets has decreased significantly. .
While the supply of non-exchange addresses has increased, data shows that the number of large whale addresses has decreased since December 2021.
ETH whale address. Source: Santiment Insights
The data shows that the number of whale addresses in September 2021 was close to 4,860, and as of February 26, it was 1,637, a 66% decrease from the previous month.
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According to Cryptoslate