, ,

ETH Rate on Exchanges Drops to Record Level

According to the latest information from on-chain data platform Santiment, small investors continue to withdraw their Ether from exchanges. Despite the price drops, it was noted that the number of ETH on central platforms decreased, while it was stated that the figure corresponds to 10% of the total supply. While it is stated that the rate of 10 percent is the lowest level of all time, it was informed that this rate was last reached in 2015, one year after the Ethereum ICO.

The decrease in the number of Ether on the exchanges signals that investors are returning to cold wallet and staking. As it will be remembered, the number of Ether staked on May 9 also reached an all-time high. Even Binance CEO CZ claimed that this could bring a sharp rise in price.

Santiment also stated that the rate of Bitcoin in the stock markets fell to the lowest level in the last 5.5 years. It was noted that only 5.84% of the total Bitcoin supply is on centralized platforms.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.