Ethereum Whale Activity Raises Red Flags As Dominance Declines

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Ethereum, the second-largest cryptocurrency by market capitalization, has seen its dominance decline slightly, dropping from 16.8% to 15.2% over the past two years. Despite this modest decrease, Ethereum has managed to maintain relative stability in the ever-fluctuating crypto market. #Bitcoin Dominance has surged from 38% in Nov 2022 to a notable 56% today. Meanwhile, #Ethereum, the second-largest asset, saw its dominance decline by 1.5%, remaining relatively stable over the past two years. In contrast, Stablecoins and the broader Altcoin sector experienced… pic.twitter.com/Aa23pN2aRa — glassnode (@glassnode) August 21, 2024 However, recent whale activity is drawing significant attention, particularly as it coincides

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