According to the analysis platform Santiment, the amount of Ethereum whales holding has reached an all-time high, now holding 57% of all Ethereum in circulation. According to the report, 104 wallets, each holding more than 1,000 Ethereum per 100 people, collectively hold $333 billion of the cryptocurrency.

In contrast, wallets between 10,000 and 100,000 have fallen to an all-time low of 33.5%, while wallets with less than 100% hold 9.19% of the supply. Analysts see this trend as a positive sign for the future of Ethereum prices, predicting that the cryptocurrency will reach an all-time high in the first quarter of 2025.