The Ethereum market is getting a boost from both whales and long-term holders. According to Santiment analysts, on-chain activity is heating up: as ETH’s price climbs, there’s a noticeable uptick in large transactions, signaling whales are back in the game. ETH recently broke above $2,630—a high Santiment calls the strongest level since January.

Whale Moves and Long-Term Holder Activity

Santiment’s data shows that as ETH’s price rises, the volume of big ETH transfers is also climbing. This usually means that whales and long-term holders—who don’t move often but push serious volume when they do—are getting active again.

Network Stats: 207 Million Wallets

The number of wallets on the Ethereum network has smashed records, hitting 207 million. This address growth lines up with the recent price action and the spike in on-chain moves from major players.

ETH Withdrawals from Binance Hit 3-Year High

ETH outflows from Binance just hit their highest level in three years. This adds to the picture of renewed whale interest and a clear uptick in on-chain metrics for Ethereum.