Fetch.ai (FET): Significant Decrease in Exchange Holdings
The top 10 wallets holding Fetch.ai (FET) tokens have notably reduced their positions on exchanges by a substantial 26.1% over the past three months. This suggests that large holders of Fetch.ai are either storing them in private wallets or utilizing them for other purposes instead of keeping them readily available for exchange trading.
Ethereum (ETH): Decreasing Holdings on Exchanges
Ethereum, the second-largest cryptocurrency by market capitalization, has witnessed a 4.3% decrease in the holdings of its top 10 wallets on exchanges over the last 90 days. In a recent 24-hour period, approximately 240,000 ETH was moved from large exchange wallets, resulting in a 2.99% decrease in the number of coins held on exchanges. This movement indicates a shift towards private storage solutions and reflects a bullish outlook on Ethereum.
Shiba Inu (SHIB): Reduced Holdings on Exchanges
The top 10 holders of Shiba Inu (SHIB) have also reduced their positions on exchanges by 2.7% within the past 90 days. Despite the token’s low price, this reduction suggests that major holders believe in its long-term potential and are choosing to hold their SHIB tokens outside of exchange platforms.
At the time of writing, Ethereum (ETH) is trading at $2,306, while Shiba Inu (SHIB) is valued at $0.0000106. Fetch.ai (FET) has experienced a remarkable 259% increase from its October 23rd price, with its current price standing at $0.729.
Earlier this week, Santiment reported that the supply of Ethereum on cryptocurrency exchanges had reached a new low since the cryptocurrency’s official launch. Investors continue to move their Ethereum holdings into private wallets or other storage solutions, demonstrating their bullish outlook on this asset. In the span of 24 hours, a total of 240,000 ETH was collectively transferred from large exchange wallets, resulting in a 2.99% decrease in the number of coins held by these wallets.