The amount of Ethereum, last active two to three years ago, reached 16,884,718 ETH, the highest in 9 months.
This amount of Ethereum, which has remained dormant for two to three years, is approximately 14.7% of the total circulating supply of 114,759 million ETH. Also, the value of inactive Ethereum is approximately $ 32.553 Billion as of today’s price.
Such an amount of Ethereum, which has not moved in such a long time, is proof that ETH investors are particularly on the rise regarding the long-term future of the digital asset and related network.
Regarding the price action, Ethereum reached a new all-time high of $ 2,042. This new milestone came on February 20, when Bitcoin set a new all-time high of $ 57,717. However, both digital assets have since experienced a pullback, causing ETH to momentarily drop into the $ 1,800 support zone before its current price reverts to $ 1,928.
Grayscale has been continuously accumulating Ethereum with 223,161 ETH ($ 430 million) purchased in the last 30 days.
Ethereum continued to gain popularity, as demonstrated by Gene Simmons, who announced the purchase of $ 300,000 worth of ETH in October 2020.
The volume and open position of CME Ethereum futures has continued to grow since they were launched earlier this month.