Large Ethereum holders are rapidly withdrawing ETH from centralized exchanges as prices recover above $1,850.
Percentage of Ethereum supply on exchanges dropped to 8.41%, the lowest level since Ethereum’s launch in 2015.
ETH’s price surged over 12% in a week, reaching its highest in three months.
Large Ethereum holders have been rapidly withdrawing ETH from centralized exchanges as prices recover above $1,850, according to blockchain analytics firm Santiment.
Santiment reported that the percentage of ETH supply held on exchanges has dropped to just 8.41%, the lowest level since Ethereum first launched in 2015.
#Ethereum has fared well during this market-wide #crypto surge. Prices crossed $1,850 for the first time since August 15th, and the now 8.41% of $ETH supply on exchanges is the lowest since #genesis in 2015. Whale transactions also hit a 6-month high. https://t.co/yApmiKc7Ib pic.twitter.com/QZRRmt1AET
— Santiment (@santimentfeed) October 24, 2023
Ethereum exodus comes as
We współpracy z: https://thenewscrypto.com/ethereum-whales-withdraw-record-amounts-from-exchanges-as-price-pops/
