According to Odaily Planet Daily, throughout 2024, the balance of Ethereum (ETH) on exchanges has dropped significantly. It started the year with 14 million ETH, fell below 12.5 million in late June, and reached a low of around 11.7 million ETH in early August.
This coincides with a period of volatility in Ethereum’s price, from swings around $4,000 in March to a sharp drop in late July.
