Ethereum Genesis Address Still Holds Over 112,000 ETH - In-depth Analysis and Future Outlook

According to the latest data from IntoTheBlock, Ethereum Genesis Address still holds over 112,000 ETH. This phenomenon not only highlights the long-term confidence of early investors, but also brings some issues and opportunities worthy of deep thought to the market.

The significance of Genesis Address Holding:

Early Investor Confidence: The large amount of ETH held by the Genesis Address shows that early investors are still confident in the future of Ethereum. The holders of these addresses are likely to be early supporters of the Ethereum project, who are optimistic about its potential in the early stages of the project. Market Scarcity: A large amount of ETH is held for a long time, reducing the circulating supply in the market, which may have a certain support effect on the price.

Long-term Holding Strategy: The long-term holding strategy of the Genesis Address is in sharp contrast to the frequent transactions of some short-term investors in the current market. This long-term holding strategy shows a firm belief in the future value of Ethereum. Price Impact: A large amount of ETH is locked in the Genesis Address, reducing the circulating supply in the market. This may provide some support for the price of ETH, especially when market demand increases.

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