#ETH Breaks $3,000# XRP Whale numbers are at an all-time high, Ethereum Whales at a level not seen since 2017! What is happening?

The activity level of the biggest whales for the most popular altcoins Ethereum and XRP has reached unprecedented levels.
The cryptocurrency analysis company Santiment, in its latest report, provided striking analyses regarding market dynamics. Warnings were issued on various topics from Ethereum whales to the memecoin frenzy, from XRP volatility to signals of an altcoin season.

According to Santiment's data, large wallets holding more than 10,000 ETH hold 75.74% of the Ethereum supply. This is the highest level seen since May 2017. The company views this increase as a long-term bullish signal.
While Bitcoin maintains its place in the headlines, Ethereum is quietly approaching the $3,000 mark, drawing attention. Optimism towards ETH on social media is quite high. However, Santiment analyst Brian warns that this intense positive sentiment could have a counter effect in the short term.
According to the report of the analysis company, the most rising crypto sector last week was memecoins. Highlighting this area, which took the lead with an average increase of 17%, Brian argued that this could be a sign of market saturation and approaching a peak.
According to Santiment, the number of wallets holding one million XRP or more has reached 2,743, hitting an all-time high. At the same time, an increase is observed in the total amount of XRP held by these whales. This bidirectional increase is seen as a strong bullish signal for XRP.
Santiment's data reveals that many altcoins have outperformed Bitcoin. However, the sustainability of this situation depends on Bitcoin's stability above the $110,000 level. The company stated that this level is a critical threshold for the altcoin market.

Although the week ended with a strong close, the next few days will be a real test for the market. According to analysts, especially on Monday, it will become clear whether the crypto market can maintain its momentum.
IT IS NOT AN INVESTMENT ADVICE