Long-term Investor Ethereum Accumulation Surges 60% in 5 Months

"ETH long-term investment wallet volume accounts for 16% of the total market supply"
"ETH long-term investors' trust rises despite low ETH price increase"

It has been revealed that the volume of ETH accumulated by long-term investor wallets holding ETH has increased significantly this year.

According to a report released by CryptoQuant on the 22nd, the ETH holdings of wallets holding ETH increased by about 60% between August and December this year, reaching about 16% of the total ETH market supply.

The total circulating supply of ETH is 120 million. According to the report, the ETH holdings of the accumulating wallets reached about 19.4 million as of December.

CryptoQuant emphasized that the wallets accumulating ETH showed a rapid accumulation trend between August and December this year. According to the report, the ETH holdings of the accumulating wallets accounted for about 10% of the total market circulation in August. However, this ratio increased by about 6% in 4 months, accounting for about 16% as of December.

CryptoQuant explained that "the ETH accumulated in the second half of this year are from wallets that have hardly shown any selling movement while holding ETH" and that "the accumulation of ETH by these wallets is interpreted as a sign that the trust of long-term ETH investors is gradually accumulating."

ETH showed a lower price increase rate compared to BTC this year. While BTC's price increase rate was about 223% this year, ETH's price increase rate was about 142%.

Reporter Kwon Seung-won ksw@blockstreet.co.kr