Non-Exchange Ethereum Supply Exceeds 25M in 7 Years

According to data from Santiment Insights, the supply of Ethereum held by non-exchange institutions (non-exchanges) exceeded 25 million on February 25.

As noted by Santiment Insights, the last time non-exchange wallets held more than 25 million was in 2016, indicating that weekly gains on February 25-26 broke a seven-year record.

ETH supply is held by top-level addresses. Source: Santiment Insights

The yellow area in the graph above represents the supply of ETH stored in non-exchange wallets. The chart reflects a supply peak on February 25, which pushed the supply to nearly 26 million. As of February 26, the number of tokens held by non-exchange addresses was 24.73 million.

Since September 2022, the supply held by non-exchange wallets has steadily increased. At the same time, since late October 2022, the amount of ETH stored in exchange wallets has decreased significantly. .

While the supply of non-exchange addresses has increased, data shows that the number of large whale addresses has decreased since December 2021.

ETH whale address. Source: Santiment Insights

The data shows that the number of whale addresses in September 2021 was close to 4,860, and as of February 26, it was 1,637, a 66% decrease from the previous month.

  • An Ethereum wallet containing 250,000 ETH that has been dormant since 2014 has a ROI of 533.70%
  • Justin Sun just staked over 150,000 ETH on Lido Protocol


According to Cryptoslate

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