ETH wallets of all sizes increased in number during November

CryptoSlate

CryptoSlate analysts looked into Ethereum (ETH) wallets of all sizes to reveal that most categories have recorded exponential growth during the month of November.

Crabs

Investors holding up to 10 ETH are called “Crabs.”  The chart below shows the number of these investors since January 2018 with the blue line.

How To Get Free Crypto  

Fish

Addresses that hold between 10 and 100 ETH are referred to as “Fish.” On the chart below, the number of Fish addresses is represented with the orange line, while their growth rate is reflected with the turquoise areas.

According to the data, there are currently around 300,000 Fish addresses in the ecosystem. Their numbers have been on a steady increase since mid-2017, but they spiked as of November.

Coinbase Banner  

Their growth rate has also risen to impressive levels during the month of November, marking the second-fastest growth period since mid-2017.

Sharks

The term “Sharks,” on the other hand, is used here to refer to the investors with 100 ETH to 1,000 ETH.

According to the orange line that shows the number of Shark addresses, there are currently around 41,000 wallets that hold between 100 and 1,000 ETH.

Similar to Fish, Sharks have also been on an increasing trajectory since mid-2017. Their growth came to a halt only for a short while during the first half of 2021. Their growth rate recorded in November is the highest one since the spike in the number of Shark addresses in mid-2020.

FreeBitcoin Banner  

Mega Whales

“Mega Whales” represent wallets with more than 10,000 ETH, and their growth rate also shows parallelism with Crabs, Fish, and Sharks.

The chart below represents the number of Mega Whale addresses with the blue line while demonstrating their growth rate with the dark red areas.

Read Our Latest Market Report

Bitcoin on-chain deep dive: BTC falls below the global electrical cost

A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend.

James Van Straten · 1 day ago

Go to Source
Author: Zeynep Geylan


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.