Ah, Ethereum! The digital currency that has danced through the years like a drunken ballerina at a Moscow gala. Now, it seems, its supply on centralized exchanges has taken a nosedive, plummeting to a level not seen in over a decade. Large holders and institutions are hoarding this precious asset like it’s the last bottle of vodka at a New Year’s party. 🍾
According to a recent update from Santiment, less than 4.9% of Ethereum’s (ETH) total supply is now languishing on exchanges, a record low in the network’s storied history. Over the last five years, a staggering 15.3 million ETH have been whisked away from the clutches of centralized trading platforms. Who knew crypto could be so dramatic? 🎭
📉 Ethereum has under 4.9% of its supply on exchanges for the first time in its 10+ year history. And Bitcoin‘s supply on exchanges is down to just 7.1% for the first time since November 2018.
🗓️ Over the past 5 years, there is:
👉 1.7M less Bitcoin on exchanges
👉 15.3M less…— Santiment (@santimentfeed) May 19, 2025
In a twist worthy of a Tolstoy novel, CryptoRank.io reported on May 18 that over 1 million ETH have been withdrawn from exchanges in just the past month. It appears users are opting to hoard Ethereum like squirrels preparing for winter rather than trading it. Long-term confidence? More like long-term commitment! 💍
On-chain data reveals that Ethereum whales—those wallets holding over 10,000 ETH—have added more than 450,000 ETH since late April. By May 10, these big fish owned a whopping 40.75 million ETH, the highest level since March. Talk about a whale of a tale! 🐋
Institutions are also getting in on the action. According to SoSoValue data, U.S. spot ETH ETFs have seen net inflows of $30 million in the last month, reversing a prolonged streak of outflows. Meanwhile, BlackRock’s Ethereum assets under management have surpassed $2.9 billion. It seems the institutional crowd is finally waking up from their slumber! 😴
Analysts are now proclaiming ETH as the darling of institutional investors. In a May 12 post on X, market analyst Adriano Feria declared:
“ETH remains the most natural choice for institutional diversification… It’s the only crypto asset with ETF access, regulatory clarity, and built-in yield potential.”
And let’s not forget the recent network upgrades! The Pectra upgrade, which went live on May 7, has improved Ethereum’s data handling like a well-oiled machine. Layer-2 networks are buzzing with activity, with Base leading the charge with 259 million transactions in the past 30 days. It’s like a crypto carnival out there! 🎡
Meanwhile, the market is holding its breath for a possible Securities and Exchange Commission decision by June 1 on whether to allow staking for spot ETH ETFs. If approved, institutions could earn yield through these funds, attracting even more capital. BlackRock and other firms are arguing that staking would make Ethereum ETFs more complete. Because who doesn’t love a complete package? 🎁
Some analysts even predict that Ethereum may outshine Solana (SOL) and other tokens in this bull cycle. Arthur Hayes, co-founder of BitMEX, recently stated that ETH is expected to perform better in the upcoming bull market due to its robust security, vibrant developer community, and sizable user base. Sounds like a recipe for success! 🍽️
As of press time, Ethereum is trading at $2,535, marking a 57% increase in the last 30 days after a 45% drop in Q1. It’s a rollercoaster ride, folks! 🎢
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2025-05-20 07:42