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The large Ethereum whales seem to be at it again. Throughout 2020, the biggest holders of Ethereum, the second-largest cryptocurrency by market cap, have been observed adding huge amounts of crypto to their holdings.

In the fourth quarter of 2022, the whales have added crypto worth billions of dollars to their holdings.

Data from the crypto analysis and tracking platform, Santiment, shows that since September 11th, Ethereum billionaires (addresses that hold one million or more ether) have added 3.5 million extra coins to their holdings.

Varuni is an experienced crypto analyst and journalist with a keen interest in the Web3, blockchain, metaverse and NFT space. She's currently heading the Voice of Crypto team as the Editor-in-Chief and believes that decentralized web is the way to go.