As of October 18, 2024, over $50 billion worth of ETH is locked in accumulation wallets, marking a 65% increase since the start of the year, according to crypto analyst Burakkesmeci. These wallets now hold more than 19 million ETH, up from 11.5 million in January. The rise is attributed in part to the anticipation of spot Ethereum ETFs, which launched in July. Source: Cointelegraph
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