Express

New Metrics Suggest HODLing Sentiment Among Ethereum Users

Emily Mason

Summary: Ethereum's active supply — the supply that last moved between three and six months ago — reached a 19-month low on Monday, July 20, according to Glassnode data. This suggests that more users are holding on to their Ethereum rather than trading it. The number of exchange deposits has seen a significant increase over the past ...

Ethereum's active supply — the supply that last moved between three and six months ago — reached a 19-month low on Monday, July 20, according to Glassnode data.

This suggests that more users are holding on to their Ethereum rather than trading it. The number of exchange deposits has seen a significant increase over the past 24 hours. 

These record metrics come as Etheruem's mining difficulty decreased by 8.1% earlier in the day.

By Emily Mason

Last Update:

Tags: ,,
Link: New Metrics Suggest HODLing Sentiment Among Ethereum Users   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago

    • You need to login to comment.