A crypto analyst highlighted a 65% increase in Ethereum held in accumulation wallets since the start of 2024, arguing that it's no longer just for "tech enthusiasts."
Just over $50 billion worth of Ether is currently locked in accumulation wallets — nearly 65% more than the beginning of 2024, according to a crypto analyst.
“By October 18, 2024, the total amount of Ethereum in accumulation addresses surpassed 19 million,” CryptoQuant contributor Burakkesmeci wrote in an Oct. 20 analyst note.
At the time of publication, with Ether (ETH) trading at $2,645, this amounts to approximately $50.2 billion locked in accumulation addresses — addresses of long-term investors with no prior withdrawals.
