On-chain data shows the Ethereum wallets with more than 1,000 ETH have reduced their holdings over the last eleven weeks, shedding 1. 5% of the ETH supply. Ethereum Whales Have Distributed Tokens Equivalent To 1. 5% Of The Supply As explained by on-chain analytics firm Santiment in an X post, Ethereum addresses with more than 1,000 ETH have participated in net selling since Christmas