ETH Supply On Exchanges Hits All-Time Low
Ethereum, the second largest cryptocurrency, has experienced a significant decrease in its supply on exchange platforms, reaching an all-time low since its genesis.
The altcoin’s supply on exchanges now accounts for 8.04% of its total supply, the lowest level since Genesis.
This decrease is considered bullish, as it supports the thesis of declining selling pressure on ETH. Additionally, an increase in active addresses on Ether suggests a recovery in ETH price.
(With inputs from Shikha Singh)
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