Whales' accumulation continues as 20,000 ETH moves between wallets: details Ethereum Crypto
previously reported substantial accumulation by whale addresses despite suppressed price performance. Per Santiment data, Ethereum's billionaire addresses accumulated 2.2% more of the supply over the past six months despite the price correction.on the Kiln testnet earlier, paving the way for the blockchain's eventual transition to a proof-of-stake network, with network validators already producing post-merge blocks containing transactions.
The phrase"merge" refers to the deployment of Ethereum's execution layer—the existing Ethereum proof-of-work network—to the"consensus layer" of the Beacon chain, which is Ethereum's forthcoming proof-of-stake blockchain. ETH developers say that Kiln will be the final merge testnet constructed before existing public testnets are upgraded. Ether was exchanging hands at just over $2,797 at the time of writing, following an intraday spike to highs of $2,820.
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