Ethereum [ETH]: Whales control majority shares, but do not move it often, claims Chainalysis research

2019-5-17 20:00

The cryptocurrency market has always been susceptible to massive market movements, most of which are a result of holders called whales, crypto-users who possess a large number of coins. The latest report from Chainalysis suggests that so-called whales hold a third of all ETH and a fifth of all BTC. Chainalysis’ report stated,

“We took a deeper look into the role of Ether whales in the market and found that they account for just 7% of all economic transaction activity. Furthermore, these whales have no meaningful impact on the price of Ether; they do, however, make the market more volatile on a daily basis with their large sell-offs.”

The report claimed that Ether wales control a lot of Ether, but don’t move it very often. It further added that out of the 500 largest holders, 376 were whales. These whales controlled 33 percent of the total circulating supply in 2019, which was a fall from the 47 percent that whales held in 2016. According to Chainalysis, whales consistently hold 25%-40% of the total circulating supply of Ether, but even so, only account for only 5%-18% of the economic transaction volume.

There were other pointers from the report that dealt with the correlation between prices, as well as volatility in the market. Chainalysis reported,

“On average, a 1% increase in Bitcoin prices yesterday leads to a 1.1% increase in Ether prices today.  We find no statistically significant impact of Bitcoin prices on Ether intra-day volatility. Funds that whales send to exchanges do not directly impact Ether price but they do contribute to price volatility.”

The report continued,

“On average, a whale that sends 1 million USD worth of ether two days ago leads to a 0.1 unit increase in intra-day volatility today, which is relatively small considering values of intra-day volatility range from 0.02 minimum to 417 maximum.‍”

Another piece of information revealed by the research was that the funds received by whales from exchanges, do not impact the price of Ethereum or intra-day volatility.

The post Ethereum [ETH]: Whales control majority shares, but do not move it often, claims Chainalysis research appeared first on AMBCrypto.

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whales chainalysis → Результатов: 10


Фото:

Report: Bitcoin Whales not Responsible for Destabilizing Cryptocurrency Markets

Contrary to the popular belief which posits that “crypto whales” are the prime culprits for digital currency market volatility – a new study published on October 10, 2018, by blockchain research firm Chainalysis suggests that cryptocurrency’s largest holders are a diverse set of individuals that help in stabilizing the nascent market.

2018-10-12 17:00


Фото:

Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility

Data from a detailed Chainalysis study found that Bitcoin whales may actually function as a stabilizing force in the market. Who’s in Charge of the Market? A newly published study from Chainalysis makes a strong case that Bitcoin (BTC) whales are not the shadowy culprits behind the notorious volatility associated with Bitcoin and the wider cryptocurrency market.

2018-10-11 18:00


Фото:

Research: Bitcoin whales make the cryptocurrency market less volatile

Fears that Bitcoin whales could dump enormous amounts of coins crash the market might be absolutely groundless – or so does new research suggest. Researchers from Chainalysis examined the transaction history of the 32 largest Bitcoin wallets and concluded that – contrary to popular belief – big-time cryptocurrency whales play a crucial role in keeping the market stable.

2018-10-11 15:58


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Chainalysis recently performed a study that showed the reason for price volatility for Bitcoin, but BTC whales haven’t been to blame. BTC whales are just a group of individuals or other entities that have a large amount of cryptocurrency, though they have a reputation for influencing the market. The recent study specifically involved the 32 […]

2018-10-11 11:01