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ANALYSIS: ETH Destruction Increased 163% YoY in the Past Week, May Be a Precursor to Higher Coin Prices

ANALYSIS: ETH Destruction Increased 163% YoY in the Past Week, May Be a Precursor to Higher Coin Prices

Bitget2024/09/25 14:30

On September 25, Lookonchain posted on social media that ETH destruction has increased 163% YoY over the past week. Prior to the January and October 2023 ETH price increases, there was a spike in daily ETH destruction.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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