The current bearish market trend, which has been going on since early November, does not seem to have affected the largest Ethereum whales at all. According to a Diar report dated December 3, 2018, this year was the most profitable for whales actively involved in the trade. According to Diar, by the end of the year, whale crypto assets grew by 80%.
By the end of November, some of the Ethereum addresses had about 20 million ETH on their balance. Back in early 2018, some of these addresses had about 11 million, and at the beginning of 2017 there were only 5 million ETH.
According to the report, the increase in the assets of large owners may be due to the fact that ICO investors stop trading tokens. Most of them were tied to ETH, which has been losing ground since the beginning of this year. The value of all ETH reserves fell from $21 billion at the end of January 2018 to $2.3 billion. At the same time, the number of whale addresses has decreased by almost 30% since the beginning of 2018.
And despite the increase in the size of the whales' assets, according to information, they received almost 90% of the profit during the first quarter of 2018. On a quarterly basis, whale balance growth has shown negative results since the beginning of 2017. However, this trend may end during the last quarter of 2018, since the fourth quarter (and it is not over yet) is already more profitable than the third by 270%.
According to btcmanager.com
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