The Ethereum community is buzzing with excitement as the number of ETH held in long-term addresses has nearly doubled to 19 million, up from January’s 11.5 million. This surge in coin acquisition reflects growing faith in Ethereum’s future, with projections indicating this count could reach 20 million by year-end. Factors such as the approval of spot ETFs by the SEC and an increase in Ethereum staking are contributing to this trend. As ETH continues to trade above $2,700, enthusiasts remain optimistic about the platform’s long-term potential despite market volatility.
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