Ether notches 2nd biggest hodler buying day in history

Demand for Ether from long-term holders rocketed on June 12 as the price fell below $3,500, just before the SEC’s Gary Gensler gave a forecast for spot Ether ETF approval.

Ether (ETH) has just notched one of its biggest days in long-term holder accumulation — seemingly taking advantage of a 2% price drop over 24 hours.

“Ethereum demand has spiked. Buying by permanent holders was the second highest on record yesterday,” CryptoQuant head of research Julio Moreno wrote in a June 13 X post.

Moreno highlighted that 298,000 Ether tokens were acquired by accumulation addresses over a 24-hour period on June 12 — equivalent to roughly $1.34 billion at the time of publication.

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Demand for Ether from long-term holders rocketed on June 12 as the price fell below $3,500, just before the SEC’s Gary Gensler gave a forecast for spot Ether ETF approval.
Ether (ETH) has just notched one of its biggest days in long-term holder accumulation — seemingly taking advantage of a 2% price drop over 24 hours.“Ethereum demand has spiked. Buying by permanent holders was the second highest on record yesterday,” CryptoQuant head of research Julio Moreno wrote in a June 13 X post. Moreno highlighted that 298,000 Ether tokens were acquired by accumulation addresses over a 24-hour period on June 12 — equivalent to roughly $1.34 billion at the time of publication. Read more