Ethereum’s largest whales back in hodl mode after Merge

Ethereum’s top 10 largest non-exchange addresses have added 6.7% more ETH after the decline leading up to the Merge in September, according to the data published by Santiment.

Ethereum’s non-exchange whales hold 23.7 million ETH. At the same time, Ethereum’s top 10 exchange addresses recorded only a 0.2% increase in accumulation during the same period, currently holding 8.7 million ETH.