Ethereum HODLing milestone: over 80% unmoved for six months or more
A recent analysis of Ethereum’s supply, visualized through the “HODL waves” chart created by Glassnode, reveals that a significant portion of Ethereum supply remains unmoved over various time frames, indicating a trend of long-term holding among investors. The chart illustrates that over 80% of the Ethereum circulating supply has not moved for six months or longer.
Ethereum: HODL Waves: (Source: Glassnode)
Breaking down these figures, 14% of Ethereum has been held for six to 12 months, 16% for one to two years, and 17% for two to three years. Additionally, 15% has been held for three to five years, 11% for five to seven years, and 8% for seven to ten years.
Years Percentage (%) Six months to 12 months 14% One year to 2 years 16% 2 to 3 years 17% 3 to 5 years 15% 5 to 7 years 11% 7 to 10 years 8%Source: Glassnode
When compared to Bitcoin, 76% of Bitcoin’s supply hasn’t moved for at least six months, according to Glassnode. This comparative analysis suggests that investors increasingly view Ethereum as a speculative store of value, much like Bitcoin. The substantial portion of unmoved Ethereum highlights investor confidence in the long-term potential of the digital asset. CryptoSlate anticipates this trend will persist following the recent approval of spot Ethereum ETFs.
Bitcoin: HODL Waves: (Source: Glassnode)
The post Ethereum HODLing milestone: over 80% unmoved for six months or more appeared first on CryptoSlate.