Three Whales Hold Over 930,000 ETH Worth $1.7 Billion!

According to recent monitoring data from Lookonchain, there are three major liquidation entities on the Ethereum blockchain, holding a total of over 930,000 ETH. At current market prices, this massive holding is valued at over $1.7 billion, drawing significant attention from the crypto community.

Breakdown of Whale Holdings

• Trend Research under Jack Yi holds 356,150 ETH, valued at approximately $671 million. Their liquidation price range falls between $1,562 and $1,698.
• Joseph Lubin along with two unknown whale addresses hold 293,302 ETH, worth around $553 million. Their liquidation levels are between $1,329 and $1,368.
• 7 Siblings possess 286,733 ETH, valued at approximately $541 million. Their liquidation prices are at $1,075 and $1,029 respectively.

This data highlights how Ethereum's market is still largely controlled by a few major players. Their liquidation levels could potentially impact future price movements, making it essential for traders to monitor on-chain activities closely.