A manual audit of Ethereum’s top 10,000 wallet addresses suggests an incredibly bullish outlook for the transition to Proof-of-Stake.
Adam Cochran, the analyst who predicts Ethereum 2.0 staking will cause a new bull run, released a 109-strong Tweetstorm on April 29, revealing his findings from a manual audit of Ethereum’s 10,000 fattest wallets.
The conclusion of the research, also presented in a blog post, is that things are currently looking incredibly bullish for the number two cryptocurrency by market cap.
Distribution to rival Bitcoin
Cochran’s first port of call is the distribution of Ether (ETH) amongst the top wallets.