Ethereum Exchange Supply Hits Lowest In History, ETH Rally to Continue?
Ethereum on-chain data shows that the ETH exchange supply has hit its lowest in history, highlighting reduced selling pressure and long-term holding positions. With this, ETH price has pumped 7% today, shooting past $2,550 levels, with its market cap crossing $300 billion. The overall market sentiment for ETH has turned extremely bullish, with 58% gains over the past month. Ethereum Exchange Supply Hits Lowest in 10 Years Blockchain analytics firm Santiment has shared an important statistic, noting that the Ethereum blockchain now has less than 4.9% of its total supply currently held on exchanges. This is the lowest percentage of ETH on exchanges, ever since its inception, over a decade. Furthermore, Santiment also stated that over the past decade, the ETH exchange-held supply has decreased by a staggering 15.3 million ETH. This highlights a growing preference among investors for long-term holding and decentralized storage options. Source: Santiment Amid 60% gains… Read More at Coingape.com
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