The holdings of ETH in Ethereum accumulation addresses exceed 19 million, an increase of 65% from the beginning of the year

Crypto analyst Burakkesmeci wrote that as of October 18, the total holdings of ETH in Ethereum accumulation addresses have exceeded 19 million. In January 2024, there were only 11.5 million ETH in these addresses, an increase of 65%. It is expected that by the end of this year, these addresses will hold more than 20 million ETH. Calculated at the price of Ethereum at around $4,000, the total value will exceed $80 billion, making these accumulation addresses as valuable as some of the world's largest companies.