As the cryptocurrency market shows signs of renewed optimism, Ethereum (ETH) is grabbing the spotlight with increased interest from its whales. The top 200 Ethereum whales collectively possess a staggering 62.76 million ETH, valued at approximately $124.1 billion. This accounts for 52% of the circulating supply, according to data from the OneArt crypto wallet. Notably, these whale addresses now hold 30.3% more ETH than they did a year ago, indicating growing confidence in the Ethereum network. Ethereum’s network growth has surged to its highest level since July 2023, with almost 94,700 new addresses created on November 20.