ETH whales stocking up on Ethereum ahead of v2.0

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Updated September 21, 2022 | Published October 15, 2020

2 mins read

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.

Players may pick from 1xBit, Bitcasino, and FortuneJack to name just a few great casinos you may choose from.

Love to gamble with crypto? We’d love if you took a couple of minutes to tell us about your favourites in our CGN survey.

David

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.

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