On-chain data shows more than 70% of the Ethereum supply hasn’t displayed any movement in over a year, a new record for the network.
Ethereum HODLers Now Control Over 70% Of The Asset’s Supply
According to data from the market intelligence platform IntoTheBlock, the total amount of supply owned by the ETH long-term holders has reached a new all-time high.
The analytics firm defines “long-term holders” (LTHs) as the addresses who have been carrying their coins since at least one year ago. Statistically, the longer a holder keeps their coins still, the less likely they become to sell them at any point.
As such, the LTHs are the hands who are the least probable to move their coins. This cohort lives up to this fact in practice as well, as its participants rarely sell no matter what’s going on in the wider market, even if it’s a profitable rally or a deep crash.
Because of this reason, the times the LTHs do sell can be ones to watch, as it suggests that the market has pushed ev
We współpracy z: https://bitcoinist.com/ethereum-hodlers-record-70-supply-dormant-1-year/
