Long-term Investors Hold Over 70% of ETH

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A Glassnode report reveals that the number of Ethereum network addresses holding varying amounts of ETH has surged to 107,035,209, marking a new high as of December 27.

The blockchain’s growth persists, and as of the night of December 28, the Ether exchange rate climbed to $2,228.

Notably, support around $2,000 has proven effective, minimizing failover risks, given that a significant portion of the digital currency is in the hands of long-term investors.

IntoTheBlock data indicates that HODLers who haven’t moved ETH for over 12 months possess at least 70% of the total Ether supply.