Analysts at CryptoSlate looked at Ethereum (ETH) wallets of all sizes and found that most categories registered exponential growth in November.
crab
Investors holding up to 10 ETH are called “crabs”. The graph below shows the number of these investors since January 2018 with the blue line.
From early 2020 to May 2021, the number of Crabs has steadily increased. Although it has decreased slightly since then, there are about 1.4 million addresses holding between 1 and 10 ETH.
The orange area represents the growth rate of crab addresses. The graph shows that November 2022 had a significantly higher growth rate. The last time the growth rate recorded such a high volume was in January 2018.
fish
Addresses holding between 10 and 100 ETH are called “Fish”. In the chart below, the number of Fish addresses is represented by the orange line and its growth rate is reflected by the turquoise area.
According to data, there are currently about 300,000 fish addresses in the ecosystem. That number has been steadily rising since mid-2017, but has spiked as of November.
Growth also climbed to impressive levels in November, marking the second fastest growth period since mid-2017.
shark
On the other hand, the term “shark” is used here to refer to investors between 100 ETH and 1,000 ETH.
According to the orange line showing the number of Shark addresses, there are currently around 41,000 wallets holding between 100 and 1,000 ETH.
Like fish, sharks have been on the rise since mid-2017. Their growth halted only briefly in the first half of 2021. Their growth recorded in November is the highest since the surge in Shark addresses in mid-2020.
mega whale
“Mega Whales” represent wallets with over 10,000 ETH, and their growth rate also parallels Crabs, Fish and Sharks.
The graph below shows the number of megawhale addresses as the blue line and the growth rate as the dark red area.
According to the graph, the number of megawhale addresses is currently around 1,200, the most significant accumulation since mid-2021.
