According to BlockBeats, on June 14th, Julio Moreno, Research Director at CryptoQuant, announced on social media that the demand for Ethereum had surged the previous day. Within 24 hours on June 12th, long-term holders had increased their holdings by 298,000 ETH, valued at approximately $1.34 billion. This marked the second-highest single-day increase in history.
This purchase volume was only 6% lower than the record set on September 11, 2023, when long-term holders bought 317,000 ETH as the price fell below $1,600. The recent surge in Ethereum demand and the increase in holdings by long-term investors indicate a strong market sentiment towards the cryptocurrency.