Centralized exchange ETH holdings hit their lowest level since 2022.
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Ethereum (ETH) holdings on major centralized exchanges have fallen to 17.4 million, the lowest level since 2022, Cointelegraph reported, citing data from CryptoQuant. According to the data, approximately 2.5 million ETH has flowed out of major centralized exchanges over the past three months. The outlet explained, "This trend is aligned with publicly traded companies' ETH hoarding strategies. This year, Sharplink Gaming, Bitmine, Immersion Technologies, and EtherMachine have all announced ETH purchase and hoarding strategies, and a total of 17 listed companies currently hold over 3.6 million ETH."
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