Ethereum Exchange Supply Hits Record Low, Driving Price Surge to $2,550

Ethereum’s exchange supply has hit its lowest point ever, plummeting to just 4.9%. This record-breaking decline coincides with a remarkable 58% price rally in just one month, reaching the milestone of over $2,550. Experts attribute this surge to increased institutional interest and robust growth within DeFi applications. Santiment, a leading blockchain analytics firm, reveals that Ethereum’s exchange supply has shrunk to its lowest point since inception, with an impressive 15.3 million ETH leaving exchanges in the past five years. Recent data indicates over 1 million ETH withdrawals from exchanges in the last month alone. 4.9% is unprecedented for Ethereum.