🚀 Ethereum's been having a tough time staying above $4K, but don't fret! The world's largest altcoin is seeing a surge in demand, especially from our long-term holders. 📈
• On June 13, these "permanent holders" bought a whopping 298K ETH, worth over $1B! That's the second-highest daily purchase volume ever.
• Despite the price being down 8% over the past week, the surge in demand shows growing confidence in Ethereum.
We're also seeing more Ethereum addresses holding 10K+ ETH, and investment products based on Ethereum are seeing a significant inflow. 🏦
And get this, Coinbase had its largest Ethereum outflow of the year on June 12, with over 336K ETH being withdrawn. Looks like the whales are making moves! 🐳
Lastly, the SEC Chair Gary Gensler says the final approval of spot Ethereum ETFs should be done by the end of summer.
So, what do you think? Are you bullish on Ethereum? Let's chat in the comments! #Ethereum #DeFi