More than half of all Ethereum hasn’t moved in 12 months

More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months.

According to Glassnode’s “hodlwaves” chart, which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months — comprising the largest segment of on-chain activity.

Ethereum hodlwaves: Glassnode

The data suggests that many whales spent 2019 accumulating…


Source link

About bitcoin

Check Also

Analyst predicts ETH price at $2,000

Bitcoin (BTC) and Ethereum (ETH) fundamentals with an upward trend indicate an imminent price increase. …

Leave a Reply

Your email address will not be published. Required fields are marked *