Ethereum Hoarding Increase : Ethereum $ETH has seen a significant increase in long-term holding activity. In 2024, the number of accumulative wallets (addresses from which funds were not previously withdrawn) increased by 65%. As of October 18th, these wallets together hold over 19 million ETH, worth over $50 billion. This rise is largely driven by institutional investors viewing Ethereum as a long-term asset. Despite the launch of spot ether ETFs in July, net outflows from these funds totaled $467.3 million
