Whale Ethereum breathed a sigh of relief as the price of the currency saw a slight surge after the recent downturn.
Whale is a unique term used for investors who have large capital in the crypto world. An Ethereum whale, it is impossible to own around 1,000 ETH or more.
Based on statistics from the Whale Alert cryptocurrency investment tracking system, there are five types of transactions involving over 700,000 Ethers performed by investors, from unknown wallets to unknown wallets.
This means that almost half of the total amount of Ethereum has been purchased by this large group of investors.
Ethereum may have some similarities to Bitcoin.
The only difference between these two cryptocurrencies is that Ethereum was created for decentralized applications and the use of smart contracts, which are set up and operated without any fraud, or any form of interference from third parties.
Currently, Ethereum is trading at $ 357.11 with a daily trading volume of around $ 10 billion. ETH prices also jumped 0.1% in 24 hours.
