. The chart on Glassnode showed a gradual decline since April, with a steeper drop observed in May.
As of this writing, there were only 1,139 holders with more than 10,000 coins, marking a two-year low for this metric. To provide context, back in February, the number stood at approximately 1,213.Furthermore, Ethereum’s supply on exchanges also experienced a decline in recent months, adding to the enigma surrounding ETH holdings. This decline is noteworthy, particularly considering the Shappella upgrade and ETH staking activation.
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