The amount of ETH held in Ethereum addresses has exceeded 19 million, a growth of 65% since the beginning of the year

Cryptocurrency analyst Burakkesmeci posted that as of October 18, the total amount of ETH held in accumulated Ethereum addresses has exceeded 19 million. In January 2024, there were only 11.5 million ETH in these addresses, an increase of 65%. It is expected that by the end of this year, these addresses will hold over 20 million ETH. Calculated at Ethereum's price around $4,000, the total value will exceed $80 billion, making these increased holdings as valuable as some of the world's largest companies.