Taking a closer look, the company revealed that for the period spanning the last 24 months, roughly 28% moved, accounting for the largest on-chain activity.
As it turns out, whales have been stocking up, particularly in anticipation of Ethereum 2.0.
Some 20% tokens have not moved at all since October 2017.
An estimated 60% hasn’t been touched in over a year said Anthony Sassano on Twitter.
With ETH 2.0 on the cards, the only transfers have been registered in the short-term.
However, this may now be changing with monthly and quarterly transfers increasingly steadily since June.
Not having ETH circulate freely is not necessarily a bad thing, although it shows consolidation of the cryptocurrency in the hands of whales.
While ETH casino sites, for example, have had a vibrant consumer base, scalability has hurt transactions fees a little.
Nevertheless, the best brands out there, including iGaming websites, keep offering great rates and opportunities to bet in ETH directly.
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