The number of Ethereum whales, who hold a significant portion of the total supply, has been increasing and they now possess 30.07 million ETH worth over $9 billion. This reflects their confidence in the digital asset and hints at an ongoing fervor surrounding the world’s second-largest cryptocurrency by market capitalization. The accumulation of ETH by these whales is likely driven by various factors, including the increasing popularity of Ethereum’s Proof of Stake (PoS) consensus mechanism. While long-term holders have increased their holdings by 4.54%, midterm holders experienced a marginal decrease in their balances by 0.38%, and short-term holders saw a significant decrease of 17.5%.