Ethereum’s Supply Plummets: Driving Price Surge and Long-Term Investment

A new milestone in Ethereum’s history has emerged, with its supply held on exchanges hitting a record low. According to data from blockchain analysis firm Santiment, less than 4.9% of Ethereum’s total supply is currently traded on cryptocurrency exchanges, marking the lowest level seen over the past decade. This significant decline suggests a growing preference among investors for decentralized storage and long-term holding strategies. This trend coincides with a 7% price surge for Ethereum, pushing its market cap past $300 billion and surpassing the $2,550 mark. 📈 💸 📈 💰