Ethereum
Long-Term Ethereum Holders Hit New High
Onchain Highlights
DEFINITION: Set of all active supply age groups, aka HODL waves. Each colored band indicates the percentage of existing Ethereum that was last moved during the time period indicated in the legend.
Ethereum’s HODL Waves chart illustrates the distribution of Ethereum holdings over different periods, indicating changing trends in investors’ holding behavior. The chart shows a notable concentration of Ethereum held for one to three years, indicating that a significant amount of Ethereum acquired during the 2021-2022 period is still held. The 1-2 year and 2-3 year tranches reflect these holdings, which represent a substantial portion of the overall supply.
Ethereum: HODL waves: (Source: Glassnode)
This holding trend suggests confidence in the long-term value of Ethereum, with a significant portion of investors choosing to hold onto their holdings rather than selling them in response to market fluctuations. The decline in the proportion of Ethereum held for less than six months further supports this trend.
In contrast, the proportion of Ethereum held for more than seven years has increased, representing long-term holders who have witnessed multiple market cycles. This stability among long-term holders illustrates a persistent belief in Ethereum’s fundamental value and its potential for future growth.
Overall, the HODL Waves chart provides valuable insight into Ethereum market trends, revealing an investor base increasingly engaged in long-term holding strategies amid changing trading conditions. walk.