By October 18, 2024, the total amount of Ethereum in accumulation addresses surpassed 19 million.
In January 2024, there were only 11.5 million ETH in these addresses. Now, they’ve nearly doubled, and I believe the total will exceed 20 million by year’s end. But why are these addresses accumulating without hesitation?
In early 2024, Ethereum Spot ETFs were officially approved, marking a new era. Regulations boosted confidence, making Ethereum mainstream. It’s no longer just for tech enthusiasts—institutions and individuals see it as a key part of the financial future.
I expect these addresses to hold over 20 million ETH by the end of the year. With Ethereum priced around $4,000, the total value will surpass $80 billion, making these accumulation addresses as valuable as some of the world’s largest companies.
Written by burakkesmeci
