Ethereum exchange reserves have fallen to their lowest level since 2016
Odaily reports that throughout 2024, the balance of Ethereum (ETH) on exchanges significantly decreased. The year started with 14 million ETH, and exchange reserves gradually reduced, falling below 12.5 million by late June and reaching a low point of around 11.7 million ETH in early August. This coincides with fluctuations in the price of Ethereum, swinging from around $4,000 in March to a significant drop in late July. (Cryptoslate)
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.
You may also like
Meteora: Detailed Explanation of the Liquidity Generation Event Before MET Token TGE
Trader: Investors Should Beware of RVV Project Team’s Suspected Ongoing Sale of Locked Tokens
Tether Treasury minted 1 billion USDT on the Ethereum network about 3 hours ago.
Trending news
MoreCrypto prices
More
