Although Ethereum’s price has tumbled by a few hundred dollars since its peak in February, whales have continued to accumulate large portions of the second-largest digital asset. Recent data revealed that large ETH investors own nearly 70% of the total supply – the highest level since late 2017
Now, ETH is $1,700. I will update this thread when ETH 2.0 implemented around 1-2 years later and we will see how much profit/loss we get on that time.
P.S there are only 30% Ether on market....
Fast Forward to today i guess now we can see the outcome of this post, seems whale where accumulating eth knowing what lies ahead, Greyscale is also the top institutional investor on btc, now they are top holders in the two largest digital assets in the crypto space, eth is already above 3k and the eth 2.0 is not even out yet, i wonder what the price will be when that happens, before another 1 - 2 years this current will be a low price compare to what eth will be trading at.
But he also said that only 30% of the Ether supply is circulating or was circulating when he made the post. This is not only good. It means that many more Ether could in the future flood the market and create selling pressure. With staking though I think that a lot of ETH holders prefer to reap the benefits from staking although they are still subject to price fluctuations and have to hope that the price doesn't destroy the benefits from staking.