Ethereum is not only a payment system, but also a base for the affordable implementation of blockchain technology. Ether is a cryptocurrency of the platform and is second only to Bitcoin in terms of market capitalization. The possibilities of using Ethereum as a community-driven technology are constantly growing because everything that can be owned can be presented, sold and used as non-interchangeable tokens.

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📊🔍 #BTC Glassnode: Using on-chain data, we can dig deeper. Here, we highlight moments when 7y+ whale wallets spent >1K BTC/hour.

The key distinction in this cycle is that these OG whale high-spending events occurred more frequently throughout, signalling persistent distribution.