Number of Ethereum Hodlers with Wallets Storing 10+ ETH Reaches New ATH

News
Thu, 06/25/2020 - 10:10
Yuri Molchan
The second biggest crypto, Ethereum, has reached several new major highs in its on-chain fundamental data, showing that investors are holding more ETH than before
Cover image via stock.adobe.com
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The popular Glassnode data provider has shared some charts that demonstrate ETH on-chain fundamentals have set several new ATHs regarding wallets, which speaks of rising interest from investors in ETH as DeFi keeps getting stronger.

Number of wallets with 10+ ETH hits a new ATH

Glassnode agency writes that the number of investors with more than 10 ETH ($2,343) in their wallet has reached a new high of 276,131.

Image via Twitter

The number of ETH wallets containing more than 0.01 ETH and wallets with a non-zero amount of Ether have also set new all-time highs.

The amount of Ether retail investors with non-zero addresses has spiked by approx 3,000 since Wednesday, the data shows.

Image via Twitter

This growth and the new all-time highs in the number of users with various amounts of Ethereum likely represents a rise in interest towards ETH and the market's bullish expectations.

This year, many expect the ETH price to reach a new ATH as Ethereum 2.0 is planned to roll out and various DeFi apps, based on Ethereum, are developing fast with people locking more ETH in DeFi.

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Users are withdrawing ETH from exchanges

More news from Glassnode shows that the amount of Ether taken off exchanges has hit a new high over the past ten months and reached 1,569.500.

This is a slightly higher value than was measured on June 24, when it totaled 1,551.542.

Daily ETH transactions surpass 1 mln

Another renowned analytics company, Skew, has shared data according to which the number of Ethereum daily transactions has reached over 1 mln and is approaching a new all-time high.

Image via Twitter

 

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.


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