On-chain data shows the Ethereum wallets with more than 1,000 ETH have reduced 
their holdings over the last eleven weeks, shedding 1.5% of the ETH supply. 
Ethereum Whales Have Distributed Tokens Equivalent To 1.5% Of The Supply As 
explained by on-chain analytics firm Santiment in an X post, Ethereum 
addresses with more than 1,000 ETH have participated in net selling since 
Christmas. The indicator of relevance here is the &#8220;Supply Distribution,&#8221; which 
tells us about the percentage of the total circulating ETH supply that a given 
wallet group is holding. Related Reading: Bitcoin Giant Awakens: 2,043 BTC 
Moved After 7-Year Slumber Addresses are placed into these cohorts based on 
the number of tokens that they are carrying in their balance. The 1 to 10 
coins group, for instance, includes all investors owning between 1 and 10 ETH. 
Now, here is the chart for the Ethereum Supply Distribution shared by 
Santiment that shows the trend in the indicator for three wallet ranges: 0 to 
1 coins, 1 to 1,000 coins, and 1,000+ coins. As displayed in the above graph, 
the smallest of Ethereum investors, retail holding less than 1 ETH, have seen 
their combined supply go up since December. This group now holds more than 
2.3% of the cryptocurrency&#8217;s supply, the highest level ever. The mid-tier 
wallets with 1 to 1,000 ETH have seen a similar trajectory in this period, 
with their supply breaking the 23% mark for the first time since July. The 
growth in these addresses could lie in staking. While the smaller investors 
have been accumulating, the same hasn&#8217;t been true for the highest end of the 
market: those with more than 1,000 ETH. This range includes cohorts like the 
sharks and whales, who are considered key holders of the cryptocurrency due to 
the notable size of their holdings. Over the last eleven weeks, these large 
entities have distributed 1.5% of the total ETH supply. This selloff has taken 
their supply under the 75% level, the lowest in seven months. Alongside this 
phase of selling from the sharks and whales, the Ethereum price has plummeted, 
and it&#8217;s possible that this bearish price action could only continue in the 
near future if the distribution maintains. It now remains to be seen whether 
the Supply Distribution of the 1,000+ ETH investors will remain in a downtrend 
in the coming days or if a reversal will appear. Related Reading: Bitcoin Not 
“Pumpable” Right Now, Says CryptoQuant Founder: Here’s Why A digital asset 
that has seen the reverse behavior from its top wallets is Pepe. As 
highlighted by Santiment in another X post, the 100 largest wallets of the 
memecoin have participated in notable accumulation over the past four months. 
In total, these humongous wallets have bought 23.02 trillion PEPE during this 
period. As the analytics firm explained: Retail sentiment is very bearish at 
the moment toward Pepe and meme coins, but expect that coins with heavy 
accumulation will inevitably have another breakout once Bitcoin is able to see 
some sustained bullish momentum. ETH Price At the time of writing, Ethereum is 
trading around $1,950, down nearly 14% over the last week. Featured image from 
Dall-E, chart from TradingView.com

Ethereum Whale Selloff Continues As Supply Share Drops Under 75%

Risk curators are becoming essential for building trust and efficiency in the 
evolving crypto landscape.
The post Bhavin Vaid: Curation is essential for navigating crypto markets, risk curators ensure pricing efficiency, and transparency builds user trust | On The Brink with Castle Island appeared first on Crypto Briefing.

Bhavin Vaid: Curation is essential for navigating crypto markets, risk curators ensure pricing efficiency, and transparency builds user trust | On The Brink with Castle Island

BNB price is stabilizing near the $620 level, where a cluster of high- 
timeframe technical signals suggests a potential bottom may be forming.

BNB price slips below $620 golden pocket, now testing long-term support near $609

Cryptocurrency analyst TARA has forecast that XRP could decline below the $1 
psychological support level, citing the altcoin&#8217;s correlation to Bitcoin&#8217;s 
price.

XRP price could fall below $1 if Bitcoin reaches certain level

Coinbase stock drops 34% YTD as analysts slash targets before Q4 earnings, 
citing crypto volume decline and rising competition.
The post Coinbase stock sinks 6% as analysts slash targets ahead of earnings 
appeared first on Crypto Briefing.

Cryptocurrency price in BRL