Ethereum whales and investors buying the dip
According to data by IntoTheBlock, despite ETH’s transaction volume being on a downtrend in the past two or so months, retail accumulation has been on the rise with addresses holding between 0.01-0.1 ETH increasing their balance by 3.35% over the past 30 days.
Retail holding 1-10ETH and 10-100 ETH have been on the same accumulation trajectory, steadily increasing their holding in the last 6 months, Santiment reported last week.