Ethereum whales are increasing their holding as they “but into the dip” in the marketplace. According to an analysis of on-chain activity provided by Santiment, addresses holding more than 10,000 Ethereum added 200,000 Ethereum worth almost $500 million in the past week. Santiment also made mentioned that addresses with 10,000 Ethereum or more were rising at the fastest rate since November of 2020 when Ethereum’s price rose to an all-time high of nearly $4900. It also appears that whales aren’t the only holders that are capitalizing on the asset’s correction. According to information from IntoTheBlock, small Ethereum holders now number more than 1 million. Addresses of this size hold 3.31 million Ethereum, priced at about $7.9 billion. At press time, Ethereum was trading at $2422, down more than 2% on a decreasing market cap and a 25% drop in volume.